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Guideline Value

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Guideline Value for Sivasakthi Nagar 1st st ( Ward No.14 )

₹1300/sq.ft.

The guideline value for Sivasakthi Nagar 1st St ( Ward No.14 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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 Sivasakthi Nagar 1st St ( Ward No.14 )

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Sivasakthi Nagar 1st st ( Ward No.14 ) guideline value

The current guideline value of Sivasakthi Nagar 1st st ( Ward No.14 ) is Rs 1,300 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 III Type - I.

How the guideline value of Sivasakthi Nagar 1st st ( Ward No.14 ) has changed

The guideline value for Sivasakthi Nagar 1st st ( Ward No.14 ) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the value increased to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making the 2024 figure for Sivasakthi Nagar 1st st ( Ward No.14 ) below the median.

Stamp duty and registration fee for property in Sivasakthi Nagar 1st st ( Ward No.14 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasakthi Nagar 1st st ( Ward No.14 )?

The Sub Registrar Office that covers Sivasakthi Nagar 1st st ( Ward No.14 ) 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 when registering property in Madhavaram. 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 helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Sivasakthi Nagar 1st st ( Ward No.14 )?

The current guideline value for Sivasakthi Nagar 1st st ( Ward No.14 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 8%.

What is the land classification of Sivasakthi Nagar 1st st ( Ward No.14 )?

The land classification for Sivasakthi Nagar 1st st ( Ward No.14 ) is Residential Class III Type - I.

What other streets have the same guideline value in Madhavaram?

Other streets in Madhavaram that share the same guideline value of Rs 1,300 per sq.ft for 2024 include Sivasakthi Nagar 1st cross st, Sivasakthi Nagar 2nd Cross St, Sivasakthi Nagar 2nd st, Sivasakthi Nagar 3rd Cross St, Sivasakthi Nagar 3rd st, and Sivasakthi Nagar 4th Cross St.

Where can I find the Sub Registrar Office for Sivasakthi Nagar 1st st ( Ward No.14 )?

The Sub Registrar Office for Sivasakthi Nagar 1st st ( Ward No.14 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.