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Guideline Value

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Guideline Value for Sri Sai Avenue (Kuthira Kuthi Thazai)

₹1300/sq.ft.

The guideline value for Sri Sai Avenue (kuthira Kuthi Thazai) 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 ₹804 /sq.ft.
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 Sri Sai Avenue (kuthira Kuthi Thazai)

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Sri Sai Avenue (Kuthira Kuthi Thazai) guideline value

The current guideline value of Sri Sai Avenue (Kuthira Kuthi Thazai) 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 Sri Sai Avenue (Kuthira Kuthi Thazai) has changed

The guideline value for Sri Sai Avenue (Kuthira Kuthi Thazai) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as per the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the guideline value increased by 49% from 2017 to 2023 and saw an 8% increase from 2023 to 2024. Notably, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with 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 of Sri Sai Avenue (Kuthira Kuthi Thazai) is below this median.

Stamp duty and registration fee for property in Sri Sai Avenue (Kuthira Kuthi Thazai)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sai Avenue (Kuthira Kuthi Thazai)?

The Sub Registrar Office that covers Sri Sai Avenue (Kuthira Kuthi Thazai) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When a property is sold, the guideline value helps in establishing a fair transaction price. Buyers and sellers must consider this value to comply with local regulations and ensure that all financial obligations related to the transaction are met.

Frequently asked questions

What is the current guideline value of Sri Sai Avenue (Kuthira Kuthi Thazai)?

The current guideline value of Sri Sai Avenue (Kuthira Kuthi Thazai) 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 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024.

What is the land classification for Sri Sai Avenue (Kuthira Kuthi Thazai)?

Sri Sai Avenue (Kuthira Kuthi Thazai) is classified as Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office for Sri Sai Avenue (Kuthira Kuthi Thazai) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Sri Sai Avenue (Kuthira Kuthi Thazai)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 13,00,000, with a stamp duty of Rs 91,000 at 7%.