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Guideline Value

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Guideline Value for Sivasakthi Nagar 2nd Cross St (Ward 14)

₹1300/sq.ft.

The guideline value for Sivasakthi Nagar 2nd Cross St (ward 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 Cross St (ward 14)

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Sivasakthi Nagar 2nd Cross St (Ward 14) guideline value

The current guideline value of Sivasakthi Nagar 2nd Cross St (Ward 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 2nd Cross St (Ward 14) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a 2024 guideline value 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, placing Sivasakthi Nagar 2nd Cross St (Ward 14) below that median.

Stamp duty and registration fee for property in Sivasakthi Nagar 2nd Cross St (Ward 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, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivasakthi Nagar 2nd Cross St (Ward 14)?

The Sub Registrar Office that covers Sivasakthi Nagar 2nd Cross St (Ward 14) 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 in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the government receives appropriate revenue based on the property's assessed value.

When buying or selling a property, it is essential to be aware of the guideline value as it can influence the overall transaction cost. Buyers should ensure that they are informed about the current rates to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 2nd Cross St (Ward 14)?

The current guideline value of Sivasakthi Nagar 2nd Cross St (Ward 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 was Rs 1,200 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024.

What is the land classification for Sivasakthi Nagar 2nd Cross St (Ward 14)?

The land classification for Sivasakthi Nagar 2nd Cross St (Ward 14) is 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 in Sivasakthi Nagar 2nd Cross St (Ward 14)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 13,00,000, the stamp duty would be Rs 91,000.