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Guideline Value

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Guideline Value for Sivasakthi Nagar 2nd st ( Ward No.14 )

₹1300/sq.ft.

The guideline value for Sivasakthi Nagar 2nd 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 2nd St ( Ward No.14 )

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Sivasakthi Nagar 2nd st ( Ward No.14 ) guideline value

The current guideline value for Sivasakthi Nagar 2nd st ( Ward No.14 ) is Rs 1,300 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 III Type - I.

How the guideline value of Sivasakthi Nagar 2nd st ( Ward No.14 ) has changed

Looking at the revisions, the guideline value for Sivasakthi Nagar 2nd st has seen several changes. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 1,200 per sq.ft. However, in the 2024 revision, the value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 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, with a median value of Rs 1,600 per sq.ft. The guideline value for Sivasakthi Nagar 2nd st ( Ward No.14 ) is below this median.

Stamp duty and registration fee for property in Sivasakthi Nagar 2nd st ( Ward No.14 )

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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 to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasakthi Nagar 2nd st ( Ward No.14 )?

The Sivasakthi Nagar 2nd st ( Ward No.14 ) falls under 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 serves as a benchmark for property transactions in Madhavaram. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. The registration office uses this value to assess the property and calculate the necessary fees, which are mandated by law.

Frequently asked questions

What is the current guideline value for Sivasakthi Nagar 2nd st ( Ward No.14 )?

The current guideline value for Sivasakthi Nagar 2nd 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?

Since the 2012 revision, the guideline value has increased from Rs 1,200 per sq.ft to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8%.

What is the land classification for Sivasakthi Nagar 2nd st ( Ward No.14 )?

Sivasakthi Nagar 2nd st ( Ward No.14 ) is classified as Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Sivasakthi Nagar 2nd st ( Ward No.14 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, leading to a stamp duty of Rs 91,000.