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Guideline Value

Corporate

Guideline Value for Subramaniam Nagar (Ward-08)

₹1600/sq.ft.

The guideline value for Subramaniam Nagar (ward-08) 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 ₹1005 /sq.ft.
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 Subramaniam Nagar (ward-08)

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Subramaniam Nagar (Ward-08) guideline value

The current guideline value of Subramaniam Nagar (Ward-08) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is part of Madhavaram village, falling under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Subramaniam Nagar (Ward-08) has changed

The guideline value for Subramaniam Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 1,600 per sq.ft, reflecting a rise of 59%.

Overall, comparing the values from 2012 to 2024, there has been a slight increase of 7%. It is important to note that the guideline value register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with 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 aligns with the current guideline value of Subramaniam Nagar.

Stamp duty and registration fee for property in Subramaniam Nagar (Ward-08)

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, making the total fees Rs 1,44,000. Please 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 Subramaniam Nagar (Ward-08)?

The Sub Registrar Office that covers Subramaniam Nagar (Ward-08) 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 when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value to avoid any discrepancies during the registration process. It is essential to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subramaniam Nagar (Ward-08)?

The current guideline value of Subramaniam Nagar (Ward-08) 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2024. There were no figures available for 2023, 2007, 2003, and 2002 for this street.

What is the land classification of Subramaniam Nagar?

Subramaniam Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

The stamp duty is charged at 7% on the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.

Where can I find the Sub Registrar Office for Subramaniam Nagar?

The Madhavaram Sub Registrar Office, which covers Subramaniam Nagar, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.