Guideline Value

Corporate

Guideline Value for Subramani Garden (Ward-01)

₹1600/sq.ft.

The guideline value for Subramani Garden (ward-01) 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 (ward-01)

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Subramani Garden (Ward-01) guideline value

The current guideline value of Subramani Garden (Ward-01) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area 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 (Ward-01) has changed

The guideline value for Subramani Garden (Ward-01) has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,600 per sq.ft, marking a change of +7% from the 2012 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. Thus, the only revisions with figures are from 2012 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 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 among these streets is Rs 1,600 per sq.ft, which is equal to the guideline value of Subramani Garden (Ward-01).

Stamp duty and registration fee for property in Subramani Garden (Ward-01)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, leading to a total of Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more calculations.

Which Sub Registrar Office covers Subramani Garden (Ward-01)?

The Sub Registrar Office that covers Subramani Garden (Ward-01) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that all transactions are in compliance with local regulations.

When a property is sold, the guideline value helps in assessing the appropriate charges that need to be paid during the registration process. This ensures transparency and fairness in property transactions, as it reflects the official value set by the registration department.

Frequently asked questions

What is the current guideline value of Subramani Garden (Ward-01)?

The current guideline value of Subramani Garden (Ward-01) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification of Subramani Garden (Ward-01)?

Subramani Garden (Ward-01) is classified as Residential Class II Type - I. This classification is important for determining the use and development of the property.

Where can I find the registration office for Subramani Garden (Ward-01)?

The registration office for Subramani Garden (Ward-01) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Subramani Garden (Ward-01)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%, in addition to a registration fee of Rs 32,000 at 2%.