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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 3rd cross st ( Ward No.11 )

₹2200/sq.ft.

The guideline value for Srinivasa Nagar 3rd Cross St ( 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 Cross St ( Ward No.11 )

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Srinivasa Nagar 3rd cross st ( Ward No.11 ) guideline value

The current guideline value of Srinivasa Nagar 3rd cross st ( Ward No.11 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar 3rd cross st ( Ward No.11 ) has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year.

It is noteworthy that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Thus, the overall change from the 2012 revision to the 2024 revision is a 10% increase.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram 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 of Rs 2,200 per sq.ft for Srinivasa Nagar 3rd cross st ( Ward No.11 ) is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 3rd cross st ( Ward No.11 )

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, while the registration fee at 2% is Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Srinivasa Nagar 3rd cross st ( 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 in the registration process when buying or selling property in Madhavaram. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers should be aware of the guideline value to understand their financial obligations during the purchase process.

Frequently asked questions

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

The current guideline value of Srinivasa Nagar 3rd cross st ( 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 increased by 10% from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. There were no changes recorded for the years 2002, 2003, 2007, and 2017 for this street.

What is the land classification of Srinivasa Nagar 3rd cross st ( Ward No.11 )?

Srinivasa Nagar 3rd cross st ( Ward No.11 ) is classified as Residential Class I Type - I.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Where is the Sub Registrar Office for this street located?

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