Guideline Value for Survey No.1326/2B

Survey No.1326/2B guideline value

The current guideline value for Survey No.1326/2B is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Survey No.1326/2B has changed

The guideline value for Survey No.1326/2B has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. The most recent revision in 2024 raised the 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 recorded revisions are from 2012 and 2024.

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 guideline value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value for Survey No.1326/2B is below this median.

• Survey No.405/1A1, 405/1B: Rs 1,300 per sq.ft (2024)
• Survey No.502: Rs 3,300 per sq.ft (2024)
• Survey No.503/1: Rs 3,300 per sq.ft (2024)
• Survey No.508/2: Rs 1,300 per sq.ft (2024)
• Survey No.508/3: Rs 1,300 per sq.ft (2024)
• Survey No.513, 514/1: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Survey No.1326/2B

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, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Survey No.1326/2B?

The Sub Registrar Office that covers Survey No.1326/2B is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives its due revenue from property sales.

When buying or selling property in Madhavaram, it is essential to refer to the current guideline value, as it directly impacts the financial obligations of both the buyer and seller during registration.

Frequently asked questions

What is the current guideline value for Survey No.1326/2B?

The current guideline value for Survey No.1326/2B is Rs 1,300 per sq.ft, effective from 1 July 2024.

How 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, representing an increase of 8%.

Are there any years without recorded guideline values for this street?

Yes, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for Survey No.1326/2B.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, indicating that Survey No.1326/2B's value is below this median.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.