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Guideline Value

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Guideline Value for Srinivasa Nagar 3rd Main Road ( Ward No.11 )

₹2200/sq.ft.

The guideline value for Srinivasa Nagar 3rd 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 3rd Main Road ( Ward No.11 )

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Srinivasa Nagar 3rd Main Road ( Ward No.11 ) guideline value

The current guideline value of Srinivasa Nagar 3rd Main Road ( Ward No.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 3rd Main Road ( Ward No.11 ) has changed

The guideline value for Srinivasa Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded figures are from 2012, where the guideline value was Rs 2,000 per sq.ft. This remained unchanged until the 2023 revision, which also recorded Rs 2,000 per sq.ft. However, in the 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Between 2012 and 2024, the overall change in the guideline value is 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram vary significantly, with a range from Rs 1,300 to Rs 7,500 per sq.ft as per the 2024 revision. The median value in this area is Rs 1,600 per sq.ft, making the guideline value of Srinivasa Nagar 3rd Main Road ( Ward No.11 ) above the median.

Stamp duty and registration fee for property in Srinivasa Nagar 3rd Main Road ( Ward No.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 for stamp duty and registration fee 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar 3rd Main Road ( Ward No.11 )?

The Sub Registrar Office that covers Srinivasa Nagar 3rd 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 details.

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

The guideline value is a critical factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 3rd Main Road ( Ward No.11 )?

The current guideline value of Srinivasa Nagar 3rd Main Road ( Ward No.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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There were no changes recorded for the years 2003, 2007, and 2017 for this street.

What is the land classification for Srinivasa Nagar 3rd Main Road?

The land classification for Srinivasa Nagar 3rd Main Road ( Ward No.11 ) is Residential Class I Type - I.

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

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.

Where is the Sub Registrar Office for this area located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, which covers Srinivasa Nagar 3rd Main Road ( Ward No.11 ).