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Guideline Value

Corporate

Guideline Value for Subramani Garden 1st st ( Ward No.3 )

₹1600/sq.ft.

The guideline value for Subramani Garden 1st St ( Ward No.3 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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 Subramani Garden 1st St ( Ward No.3 )

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Subramani Garden 1st st ( Ward No.3 ) guideline value

The current guideline value of Subramani Garden 1st st ( Ward No.3 ) is Rs 1,600 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 II Type - I.

How the guideline value of Subramani Garden 1st st ( Ward No.3 ) has changed

The guideline value for Subramani Garden 1st st ( Ward No.3 ) has undergone changes over the years. The 2012 revision set the guideline value at Rs 1,500 per sq.ft. The most recent 2024 revision has increased this figure to Rs 1,600 per sq.ft, marking a 7% increase from 2012 to 2024. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value has seen a rise from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024. This increase reflects the adjustments made in the guideline values over time, with the current value aligning with the median of Rs 1,600 per sq.ft for other streets in Madhavaram as of 2024.

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. The median value is Rs 1,600 per sq.ft, which is the same as the guideline value for Subramani Garden 1st st ( Ward No.3 ).

Stamp duty and registration fee for property in Subramani Garden 1st st ( Ward No.3 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramani Garden 1st st ( Ward No.3 )?

The Sub Registrar Office that covers Subramani Garden 1st st ( Ward No.3 ) 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 critical factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value is assessed, and the applicable duties are calculated based on this value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Subramani Garden 1st st ( Ward No.3 )?

The current guideline value of Subramani Garden 1st st ( Ward No.3 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Subramani Garden 1st st ( Ward No.3 )?

Subramani Garden 1st st ( Ward No.3 ) is classified as Residential Class II Type - I. This classification affects the guideline value and other regulatory aspects of property transactions in the area.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for this area located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registration activities for properties in Subramani Garden 1st st ( Ward No.3 ).