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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 1st St (Ward-11)

₹2200/sq.ft.

The guideline value for Srinivasa Nagar 1st St (ward-11) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. 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 N/A
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 1st St (ward-11)

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Srinivasa Nagar 1st St (Ward-11) guideline value

The current guideline value of Srinivasa Nagar 1st 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 1st St (Ward-11) has changed

The guideline value for Srinivasa Nagar 1st St (Ward-11) has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. Following this, the 2024 revision increased the guideline value to Rs 2,200 per sq.ft, marking a change of +10% from the previous figure.

It is important to note that the register has no figure for this street for the years 2023, 2017, 2007, 2003, and 2002. Therefore, the only revisions that show a figure are from 2012 and 2024.

Guideline values in Madhavaram

In Madhavaram, the guideline values for 1,946 streets under the Madhavaram SRO 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 1st St (Ward-11) is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 1st St (Ward-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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar 1st St (Ward-11)?

The Sub Registrar Office that covers Srinivasa Nagar 1st 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 is a crucial factor when registering property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official records. This helps maintain transparency and legality in property dealings within the region.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 1st St (Ward-11)?

The current guideline value of Srinivasa Nagar 1st 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a +10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Srinivasa Nagar 1st St (Ward-11)?

The land classification for Srinivasa Nagar 1st St (Ward-11) is Residential Class I Type - I. This classification indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Srinivasa Nagar 1st St (Ward-11) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.