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Guideline Value

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Guideline Value for Shanmugasundaram Nagar 2nd St (Ward-11)

₹1600/sq.ft.

The guideline value for Shanmugasundaram Nagar 2nd St (ward-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 2nd St (ward-11)

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Shanmugasundaram Nagar 2nd St (Ward-11) guideline value

The current guideline value of Shanmugasundaram Nagar 2nd St (Ward-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 2nd St (Ward-11) has changed

Over the years, the guideline value for Shanmugasundaram Nagar 2nd St has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, reflecting a drop of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 1,600 per sq.ft, marking a significant increase of 59% from 2017.

Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 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 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 for these streets is Rs 1,600 per sq.ft, which is equal to the current guideline value for Shanmugasundaram Nagar 2nd St (Ward-11).

Stamp duty and registration fee for property in Shanmugasundaram Nagar 2nd St (Ward-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 fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanmugasundaram Nagar 2nd St (Ward-11)?

The Sub Registrar Office that covers Shanmugasundaram Nagar 2nd St (Ward-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 an essential factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the legal value of the property. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value for Shanmugasundaram Nagar 2nd St (Ward-11)?

The current guideline value for Shanmugasundaram Nagar 2nd St (Ward-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 for this street.

What is the stamp duty for property in Shanmugasundaram Nagar 2nd St (Ward-11)?

The stamp duty for property in Shanmugasundaram Nagar 2nd St (Ward-11) is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot 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 2nd St (Ward-11)?

The Sub Registrar Office for Shanmugasundaram Nagar 2nd St (Ward-11) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details by using the provided link.

What is the land classification for Shanmugasundaram Nagar 2nd St (Ward-11)?

The land classification for Shanmugasundaram Nagar 2nd St (Ward-11) is Residential Class II Type - I. This classification is important for determining the permissible uses of the land.