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Guideline Value

Corporate

Guideline Value for Subam Avenue (Ward-02)

₹1600/sq.ft.

The guideline value for Subam Avenue (ward-02) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
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 Subam Avenue (ward-02)

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Subam Avenue (Ward-02) guideline value

The current guideline value of Subam Avenue (Ward-02) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Subam Avenue (Ward-02) has changed

Over the years, the guideline value of Subam Avenue (Ward-02) has seen several revisions. The earliest available figure is from the 2012 revision, which was Rs 1,200 per sq.ft. This was followed by a significant increase to Rs 1,500 per sq.ft in the 2023 revision, marking a 25% rise. The latest revision in 2024 shows a further increase to Rs 1,600 per sq.ft, reflecting a 7% change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

From the 2012 revision to the 2024 revision, there has been an overall increase of 33% in the guideline value. This consistent rise highlights the changing landscape of property values in the area.

Guideline values in Madhavaram

The 2024 guideline values for the 1,946 streets in Madhavaram 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. Subam Avenue (Ward-02) aligns with this median value.

Stamp duty and registration fee for property in Subam Avenue (Ward-02)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subam Avenue (Ward-02)?

The Sub Registrar Office that covers Subam Avenue (Ward-02) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale process.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Subam Avenue (Ward-02)?

The current guideline value of Subam Avenue (Ward-02) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 33% over this period.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram, such as Subam Avenue 1st Street, 2nd Street, 3rd Street, 4th Street, and Subam Nagar, all have a guideline value of Rs 1,600 per sq.ft for 2024.

What is the stamp duty for a property in Subam Avenue (Ward-02)?

The stamp duty for a property in Subam Avenue (Ward-02) is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Madhavaram?

The Sub Registrar Office for Madhavaram is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the provided link.