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Guideline Value

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Guideline Value for Shanmugasundaram Nagar 1st st ( Ward No.11 )

₹1600/sq.ft.

The guideline value for Shanmugasundaram Nagar 1st St ( Ward No.11 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Shanmugasundaram Nagar 1st St ( Ward No.11 )

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Shanmugasundaram Nagar 1st st ( Ward No.11 ) guideline value

The current guideline value of Shanmugasundaram Nagar 1st st ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Shanmugasundaram Nagar 1st st ( Ward No.11 ) has changed

The guideline value for Shanmugasundaram Nagar 1st st ( Ward No.11 ) has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. The most recent revision in 2024 increased this figure to Rs 1,600 per sq.ft, marking a change of +59% from the previous revision.

It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from the 2017 and 2024 revisions.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which is equal to the current guideline value of Shanmugasundaram Nagar 1st st ( Ward No.11 ).

Stamp duty and registration fee for property in Shanmugasundaram Nagar 1st st ( Ward No.11 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanmugasundaram Nagar 1st st ( Ward No.11 )?

The Sub Registrar Office that covers Shanmugasundaram Nagar 1st st ( Ward No.11 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Shanmugasundaram Nagar 1st st ( Ward No.11 )?

The current guideline value of Shanmugasundaram Nagar 1st st ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, which is a change of +59%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Shanmugasundaram Nagar 1st st ( Ward No.11 )?

The land classification for Shanmugasundaram Nagar 1st st ( Ward No.11 ) is Residential Class II Type - I. This classification indicates the type of development allowed in the area.

How is the stamp duty calculated for properties in Shanmugasundaram Nagar 1st st ( Ward No.11 )?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.

Where can I find the Sub Registrar Office for Shanmugasundaram Nagar 1st st ( Ward No.11 )?

The Sub Registrar Office for Shanmugasundaram Nagar 1st st ( Ward No.11 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information on how to locate your SRO.