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Guideline Value

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

₹1300/sq.ft.

The guideline value for Srinivasa Perumal Koil St, Connecting Road ( 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, Connecting Road ( Ward No.7 )

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

The current guideline value of Srinivasa Perumal Koil st, connecting Road ( 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, connecting Road ( Ward No.7 ) has changed

The guideline value for this street has seen changes over the years, with the 2012 revision recording a value of Rs 1,200 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 figure.

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

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 1,300 per sq.ft for Srinivasa Perumal Koil st, connecting Road ( Ward No.7 ) is below the median.

Stamp duty and registration fee for property in Srinivasa Perumal Koil st, connecting Road ( 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 would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Koil st, connecting Road ( Ward No.7 )?

The Sub Registrar Office that covers Srinivasa Perumal Koil st, connecting Road ( 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 property transactions in Madhavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the necessary taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Srinivasa Perumal Koil st, connecting Road ( 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, which is an increase of 8%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for this street?

Srinivasa Perumal Koil st, connecting Road ( Ward No.7 ) is classified as Residential Class III Type - I. This classification is important for understanding the type of developments that are permissible in the area.

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

The Sub Registrar Office for Srinivasa Perumal Koil st, connecting Road ( Ward No.7 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is 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, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.