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Guideline Value

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Guideline Value for Srinivasa Nagar 2nd Main Road ( Ward No.11 )

₹2200/sq.ft.

The guideline value for Srinivasa Nagar 2nd Main Road ( Ward No.11 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /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 Srinivasa Nagar 2nd Main Road ( Ward No.11 )

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Srinivasa Nagar 2nd Main Road ( Ward No.11 ) guideline value

The current guideline value of Srinivasa Nagar 2nd Main Road ( Ward No.11 ) is Rs 2,200 per sq.ft. This area is situated in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar 2nd Main Road ( Ward No.11 ) has changed

In the 2012 revision, the guideline value was recorded at Rs 2,000 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, the guideline values for 2024 range 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 for Srinivasa Nagar 2nd Main Road ( Ward No.11 ) is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 2nd Main Road ( Ward No.11 )

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Nagar 2nd Main Road ( Ward No.11 )?

The Sub Registrar Office that covers Srinivasa Nagar 2nd Main Road ( Ward No.11 ) 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 is a crucial factor when registering property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 2nd Main Road ( Ward No.11 )?

The current guideline value of Srinivasa Nagar 2nd Main Road ( Ward No.11 ) is Rs 2,200 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 2,000 per sq.ft. However, in the 2024 revision, it increased to Rs 2,200 per sq.ft, marking a +10% change from the previous year.

What is the land classification for Srinivasa Nagar 2nd Main Road?

Srinivasa Nagar 2nd Main Road ( Ward No.11 ) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located for this area?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, which covers Srinivasa Nagar 2nd Main Road ( Ward No.11 ).