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Guideline Value

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Guideline Value for Srinivasa Nagar 2nd st ( Ward No.21 )

₹2200/sq.ft.

The guideline value for Srinivasa Nagar 2nd St ( Ward No.21 ) 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 No.21 )

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Srinivasa Nagar 2nd st ( Ward No.21 ) guideline value

The current guideline value for Srinivasa Nagar 2nd st ( Ward No.21 ) 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 No.21 ) has changed

Since the 2012 revision, the guideline value for Srinivasa Nagar 2nd st ( Ward No.21 ) has seen a change from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. The 2023 revision recorded a value of Rs 2,000 per sq.ft, indicating no change from the 2012 figure. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

From 2023 to 2024, the guideline value increased by 10%, moving from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, while the median value is Rs 1,600 per sq.ft. The guideline value for Srinivasa Nagar 2nd st ( Ward No.21 ) is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 2nd st ( Ward No.21 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, bringing the total fees together to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar 2nd st ( Ward No.21 )?

The Sub Registrar Office that covers Srinivasa Nagar 2nd st ( Ward No.21 ) 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 in property transactions within Madhavaram. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must refer to the current guideline value to understand the financial implications of their property transactions.

During the registration of a property, the guideline value serves as a benchmark to ensure that the transaction reflects a fair valuation. It helps in maintaining transparency and consistency in property dealings across the region.

Frequently asked questions

What is the current guideline value for Srinivasa Nagar 2nd st ( Ward No.21 )?

The current guideline value for Srinivasa Nagar 2nd st ( Ward No.21 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase overall. There was no change from 2012 to 2023, as the value remained at Rs 2,000 per sq.ft.

What are the stamp duty rates for property in Srinivasa Nagar 2nd st ( Ward No.21 )?

The stamp duty rate for property in Srinivasa Nagar 2nd st ( Ward No.21 ) is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

Which office handles property registrations for this area?

The Madhavaram Sub Registrar Office handles property registrations for Srinivasa Nagar 2nd st ( Ward No.21 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Srinivasa Nagar 2nd st ( Ward No.21 )?

Srinivasa Nagar 2nd st ( Ward No.21 ) is classified as Residential Class I Type - I. This classification is essential for understanding the type of development permitted in the area.