Guideline Value for Srinivasa Colony (Periyamedu)

Srinivasa Colony (Periyamedu) guideline value

The current guideline value for Srinivasa Colony (Periyamedu) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Srinivasa Colony (Periyamedu) has changed

Looking at the revisions, the guideline value for this street was Rs 1,200 per sq.ft in 2012 and remained the same until 2023. In 2023, the value was revised to Rs 1,200 per sq.ft, and then it increased to Rs 1,300 per sq.ft in 2024, 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.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, placing Srinivasa Colony (Periyamedu) below this median.

• Sri Nagar Rd ( Ward No.4 ): Rs 1,300 per sq.ft (2024)
• Srinivasa Nagar 1st Main Road ( Ward No.11 ): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar 1st St (Ward-11): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar 1st st ( Ward No.21 ): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar 2nd Main Road ( Ward No.11 ): Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar 2nd St (Ward-11): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Colony (Periyamedu)

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, bringing the total to 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 Srinivasa Colony (Periyamedu)?

The Madhavaram Sub Registrar Office covers Srinivasa Colony (Periyamedu), located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a critical factor when buying or selling property in Madhavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value plays a significant role in the overall transaction process and helps in determining the financial obligations involved.

Frequently asked questions

What is the current guideline value of Srinivasa Colony (Periyamedu)?

The current guideline value of Srinivasa Colony (Periyamedu) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, which is an 8% increase. Overall, from 2012 to 2024, the value has also increased by 8%.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft. Srinivasa Colony (Periyamedu) is below this median value.

What are the registration fees for properties in Srinivasa Colony (Periyamedu)?

The registration fees include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Where can I find the Sub Registrar Office for Srinivasa Colony (Periyamedu)?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.