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Guideline Value

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Guideline Value for Sivasakthi Nagar 3rd st ( Ward No.14 )

₹1300/sq.ft.

The guideline value for Sivasakthi Nagar 3rd 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 3rd St ( Ward No.14 )

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Sivasakthi Nagar 3rd st ( Ward No.14 ) guideline value

The current guideline value of Sivasakthi Nagar 3rd 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 3rd st ( Ward No.14 ) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year. The overall change from 2012 to 2024 is also an increase of 8%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only recorded revisions are from 2012, 2023, and 2024.

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 value for these streets is Rs 1,600 per sq.ft, placing the 2024 guideline value of Sivasakthi Nagar 3rd st ( Ward No.14 ) below this median.

Stamp duty and registration fee for property in Sivasakthi Nagar 3rd 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivasakthi Nagar 3rd st ( Ward No.14 )?

The Sivasakthi Nagar 3rd 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 plays a crucial role in the registration process of property transactions in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 3rd st ( Ward No.14 )?

The current guideline value of Sivasakthi Nagar 3rd 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 seen an increase from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8% over this period.

Which Sub Registrar Office covers Sivasakthi Nagar 3rd st ( Ward No.14 )?

The Madhavaram Sub Registrar Office covers Sivasakthi Nagar 3rd st ( Ward No.14 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for property in Sivasakthi Nagar 3rd st ( Ward No.14 )?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate the fees using the stamp duty and registration fee calculator.