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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 2nd St (Ward-11)

₹2200/sq.ft.

The guideline value for Srinivasa Nagar 2nd St (ward-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 St (ward-11)

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Srinivasa Nagar 2nd St (Ward-11) guideline value

The current guideline value of Srinivasa Nagar 2nd St (Ward-11) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Srinivasa Nagar 2nd St (Ward-11) has changed

Over the years, the guideline value for Srinivasa Nagar 2nd St (Ward-11) has seen several revisions. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from Rs 2,000 per sq.ft in the previous revision of 2023. Notably, there were no figures recorded for the years 2017, 2007, 2003, and 2002 for this street.

Looking back further, the guideline value remained unchanged at Rs 2,000 per sq.ft from the 2012 revision to the 2023 revision. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value for this street.

Guideline values in Madhavaram

The Madhavaram village has a range of guideline values for its streets, with figures for 2024 ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value across the 1,946 streets in Madhavaram is Rs 1,600 per sq.ft, placing the 2024 figure for Srinivasa Nagar 2nd St (Ward-11) above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 2nd St (Ward-11)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar 2nd St (Ward-11)?

The Sub Registrar Office that covers Srinivasa Nagar 2nd St (Ward-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 plays a crucial role in the registration process 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 transaction is documented at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 2nd St (Ward-11)?

The current guideline value of Srinivasa Nagar 2nd St (Ward-11) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. From 2012 to 2024, there has been an overall increase of 10% as well.

What is the land classification for Srinivasa Nagar 2nd St (Ward-11)?

Srinivasa Nagar 2nd St (Ward-11) is classified as Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration in Madhavaram?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles property registration in Madhavaram. It is essential for completing the registration process.