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Guideline Value

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Guideline Value for Shanmugasundaram Nagar 3rd st ( Ward No.11 )

₹1600/sq.ft.

The guideline value for Shanmugasundaram Nagar 3rd 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 3rd St ( Ward No.11 )

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Shanmugasundaram Nagar 3rd st ( Ward No.11 ) guideline value

The current guideline value of Shanmugasundaram Nagar 3rd st ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Shanmugasundaram Nagar 3rd st ( Ward No.11 ) has changed

The guideline value for Shanmugasundaram Nagar 3rd st was last revised in 2024, where it increased to Rs 1,600 per sq.ft from Rs 1,005 per sq.ft in the 2017 revision. This represents a significant increase of 59% over the seven-year period.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. The previous revision in 2017 marked the last recorded value before the current figure was established in 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 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 is Rs 1,600 per sq.ft, which is equal to the 2024 figure for Shanmugasundaram Nagar 3rd st.

Stamp duty and registration fee for property in Shanmugasundaram Nagar 3rd 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 be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Shanmugasundaram Nagar 3rd st ( Ward No.11 )?

The Sub Registrar Office that covers Shanmugasundaram Nagar 3rd 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 details.

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

The guideline value is a crucial factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Shanmugasundaram Nagar 3rd st?

The current guideline value of Shanmugasundaram Nagar 3rd st ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024, marking a change of 59%.

Are there any revisions for the years 2023, 2012, 2007, 2003, or 2002?

The register has no figures for Shanmugasundaram Nagar 3rd st for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Shanmugasundaram Nagar 3rd st?

The registration office for Shanmugasundaram Nagar 3rd st ( Ward No.11 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

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