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Guideline Value

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Guideline Value for Shanmugasundaram Nagar 4th st ( Ward No.11 )

₹1600/sq.ft.

The guideline value for Shanmugasundaram Nagar 4th 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 ₹1500 /sq.ft.
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 4th St ( Ward No.11 )

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Shanmugasundaram Nagar 4th st ( Ward No.11 ) guideline value

The current guideline value of Shanmugasundaram Nagar 4th 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 4th st ( Ward No.11 ) has changed

Over the years, the guideline value of Shanmugasundaram Nagar 4th st has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease in the 2017 revision, which recorded a guideline value of Rs 1,005 per sq.ft, reflecting a decline of 33%. However, the most recent 2024 revision has increased the value to Rs 1,600 per sq.ft, marking a significant rise of 59% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2023 for this street.

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 aligns with the current rate for Shanmugasundaram Nagar 4th st.

Stamp duty and registration fee for property in Shanmugasundaram Nagar 4th 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, bringing the total cost for these fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanmugasundaram Nagar 4th st ( Ward No.11 )?

The Sub Registrar Office that covers Shanmugasundaram Nagar 4th 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 is a crucial factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the registration fees and stamp duty applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. It is advisable for buyers to consider the guideline value when negotiating sale prices to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Shanmugasundaram Nagar 4th st?

The current guideline value of Shanmugasundaram Nagar 4th st ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Shanmugasundaram Nagar 4th st?

Shanmugasundaram Nagar 4th st is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Shanmugasundaram Nagar 4th st is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

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