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Guideline Value

Corporate

Guideline Value for Srikrishna Nagar (Ward-02)

₹1300/sq.ft.

The guideline value for Srikrishna Nagar (ward-02) 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 Srikrishna Nagar (ward-02)

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Srikrishna Nagar (Ward-02) guideline value

The current guideline value of Srikrishna Nagar (Ward-02) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Srikrishna Nagar (Ward-02) has changed

The guideline value of Srikrishna Nagar (Ward-02) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, the guideline value remained unchanged at Rs 1,200 per sq.ft since the 2012 revision. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The change from 2023 to 2024 represents an 8% rise, while there was no change between 2012 and 2023.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that the 2024 figure for Srikrishna Nagar (Ward-02) is below this median.

Stamp duty and registration fee for property in Srikrishna Nagar (Ward-02)

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 cost for these 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srikrishna Nagar (Ward-02)?

The Sub Registrar Office that covers Srikrishna Nagar (Ward-02) 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 plays a crucial role during property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the property is valued appropriately for legal and taxation purposes.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Srikrishna Nagar (Ward-02)?

The current guideline value of Srikrishna Nagar (Ward-02) 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 2023 to Rs 1,300 per sq.ft in 2024. There was no change in the value from 2012 to 2023, and the overall increase from 2012 to 2024 is 8%.

What is the land classification for Srikrishna Nagar (Ward-02)?

Srikrishna Nagar (Ward-02) is classified as Residential Class III Type - I. This classification affects the guideline value and property regulations in the area.

Which Sub Registrar Office handles property registrations in Srikrishna Nagar (Ward-02)?

The Madhavaram Sub Registrar Office handles property registrations in Srikrishna Nagar (Ward-02). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated in Srikrishna Nagar (Ward-02)?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.