Guideline Value for Srinivasa Nagar, Ponniammanmedu (Ward-21)

Srinivasa Nagar, Ponniammanmedu (Ward-21) guideline value

The current guideline value of Srinivasa Nagar, Ponniammanmedu (Ward-21) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is classified under Residential Class III Type - I and falls under the Madhavaram village, governed by the Madhavaram SRO.

How the guideline value of Srinivasa Nagar, Ponniammanmedu (Ward-21) has changed

Since the 2012 revision, the guideline value for Srinivasa Nagar, Ponniammanmedu (Ward-21) has seen a change from Rs 1,200 per sq.ft to Rs 1,300 per sq.ft in the 2024 revision, marking an overall increase of 8%. The 2023 revision had the same figure of Rs 1,200 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street. The changes from 2012 to 2023 remained stagnant, but the increase from 2023 to 2024 was 8%.

Guideline values in Madhavaram

In Madhavaram, the guideline values range from Rs 1,300 to Rs 7,500 per sq.ft as per the 2024 revision, with a median value of Rs 1,600 per sq.ft. The guideline value of Srinivasa Nagar, Ponniammanmedu (Ward-21) is below this median.

• Srinivasa Nagar (Periyamedu): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar Extn. (Ward-11): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar (Ward-07): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar (Ward-11): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar Annex: Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar 3rd St (Ward-11): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar, Ponniammanmedu (Ward-21)

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, totaling 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 Srinivasa Nagar, Ponniammanmedu (Ward-21)?

The Madhavaram Sub Registrar Office covers Srinivasa Nagar, Ponniammanmedu (Ward-21). The office is 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 during property registration in Madhavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar, Ponniammanmedu (Ward-21)?

The current guideline value of Srinivasa Nagar, Ponniammanmedu (Ward-21) 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 1,300 per sq.ft in 2024, with no change noted in 2023. Overall, there has been an 8% increase from 2012 to 2024.

What is the land classification for Srinivasa Nagar, Ponniammanmedu (Ward-21)?

Srinivasa Nagar, Ponniammanmedu (Ward-21) is classified under 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.

What are the stamp duty and registration fees for properties in Srinivasa Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 13,00,000. The stamp duty is Rs 91,000, and the registration fee is Rs 26,000, totaling Rs 1,17,000.