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Guideline Value

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Guideline Value for Shanmugapuram sandhu 169/1,2

₹1100/sq.ft.

The guideline value for Shanmugapuram Sandhu 169/1,2 in Madavilagam village (Poonamallee SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madavilagam

Village

Poonamallee

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Shanmugapuram Sandhu 169/1,2

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Shanmugapuram sandhu 169/1,2 guideline value

The current guideline value of Shanmugapuram sandhu 169/1,2 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village under the Poonamallee SRO, classified as Residential Class I Type - I.

How the guideline value of Shanmugapuram sandhu 169/1,2 has changed

The guideline value for Shanmugapuram sandhu 169/1,2 has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 250 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, it then dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%. The value further increased to Rs 1,000 per sq.ft in 2023, and finally reached Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 340%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Shanmugapuram sandhu 169/1,2.

Stamp duty and registration fee for property in Shanmugapuram sandhu 169/1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Shanmugapuram sandhu 169/1,2?

The Sub Registrar Office that covers Shanmugapuram sandhu 169/1,2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Madavilagam

The guideline value plays a crucial role during the registration of property transactions in Madavilagam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Shanmugapuram sandhu 169/1,2?

The current guideline value of Shanmugapuram sandhu 169/1,2 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Shanmugapuram sandhu 169/1,2?

Shanmugapuram sandhu 169/1,2 is classified as Residential Class I Type - I.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.