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Guideline Value

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Guideline Value for Srinivasa Perumal Koil st, ( Ward No.7 )

₹1300/sq.ft.

The guideline value for Srinivasa Perumal Koil St, ( Ward No.7 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /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 ₹1200 /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 Perumal Koil St, ( Ward No.7 )

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Srinivasa Perumal Koil st, ( Ward No.7 ) guideline value

The current guideline value of Srinivasa Perumal Koil st, ( Ward No.7 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Srinivasa Perumal Koil st, ( Ward No.7 ) has changed

Over the years, the guideline value of Srinivasa Perumal Koil st has seen several revisions. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which reflects an increase of 8% from the 2012 revision of Rs 1,200 per sq.ft. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, the guideline value had not been specified in the register for the years mentioned. The only recorded figures are from the 2012 and 2024 revisions, indicating a significant change over the years.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging 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 Perumal Koil st is below this median.

Stamp duty and registration fee for property in Srinivasa Perumal Koil st, ( Ward No.7 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for stamp duty and registration to Rs 1,17,000. It is important to note that 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 Perumal Koil st, ( Ward No.7 )?

The Sub Registrar Office that covers Srinivasa Perumal Koil st, ( Ward No.7 ) 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Koil st, ( Ward No.7 )?

The current guideline value of Srinivasa Perumal Koil st, ( Ward No.7 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification of Srinivasa Perumal Koil st?

Srinivasa Perumal Koil st is classified as Residential Class III Type - I. This classification indicates the type of development permissible in this area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.