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Guideline Value

Corporate

Guideline Value for Sri Eri Ram Sai Nagar

₹555/sq.ft.

The guideline value for Sri Eri Ram Sai Nagar in Mathuranthagam village (Madurandakam SRO, Chengalpattu zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mathuranthagam

Village

Madurandakam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Eri Ram Sai Nagar

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Sri Eri Ram Sai Nagar guideline value

The current guideline value of Sri Eri Ram Sai Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This area is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Eri Ram Sai Nagar has changed

The guideline value for Sri Eri Ram Sai Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2012, but then decreased to Rs 335 per sq.ft in 2017. Following this, the value rose significantly to Rs 500 per sq.ft in 2023 and is currently Rs 555 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2023 to 2024 is 11%. The overall change from 2007 to 2024 reflects an increase of 85%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median of Rs 1,100 per sq.ft. The guideline value of Sri Eri Ram Sai Nagar is below this median.

Stamp duty and registration fee for property in Sri Eri Ram Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, and the registration fee at 2% would be Rs 11,100, resulting in a total cost of Rs 49,950. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Eri Ram Sai Nagar?

The Sub Registrar Office that covers Sri Eri Ram Sai Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mathuranthagam

The guideline value plays a crucial role in the registration process of property transactions in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on the property's value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Eri Ram Sai Nagar?

The current guideline value of Sri Eri Ram Sai Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 300 per sq.ft in 2007 to Rs 555 per sq.ft in 2024, with notable changes in 2012, 2017, and 2023.

What is the land classification for Sri Eri Ram Sai Nagar?

Sri Eri Ram Sai Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Eri Ram Sai Nagar?

Stamp duty for properties in Sri Eri Ram Sai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.