Guideline Value for Survey No.725/1,2B, 727/2

Survey No.725/1,2B, 727/2 guideline value

The current guideline value for Survey No.725/1,2B, 727/2 in Madhavaram village is Rs 1,300 per sq.ft, effective from 1 July 2024. This property falls under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Survey No.725/1,2B, 727/2 has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,300 per sq.ft, marking an 8% increase since the last revision. The register has no figures for the years 2003, 2007, 2017, and 2023 for this street.

Thus, the only revisions available for Survey No.725/1,2B, 727/2 are from 2012 and 2024. The increase from Rs 1,200 to Rs 1,300 reflects the latest adjustments made in the guideline values.

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, with a median value of Rs 1,600 per sq.ft. The guideline value for Survey No.725/1,2B, 727/2 is below this median.

• Survey No.701/2A: Rs 1,300 per sq.ft (2024)
• Survey No.727/PART, 724, 728/1, 684/2B: Rs 1,300 per sq.ft (2024)
• Survey No.701/1B, 702/1C: Rs 1,300 per sq.ft (2024)
• Survey No.750/2A, 751: Rs 2,700 per sq.ft (2024)
• Survey No.701/1A, 701/1B, 701/2B: Rs 1,300 per sq.ft (2024)
• Survey No.821/1: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Survey No.725/1,2B, 727/2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Survey No.725/1,2B, 727/2?

The Sub Registrar Office that covers Survey No.725/1,2B, 727/2 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 during the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that all transactions are compliant with local regulations.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the official value of the property. This ensures transparency and fairness in property transactions, as it reflects the current market conditions as established by the registration department.

Frequently asked questions

What is the current guideline value for Survey No.725/1,2B, 727/2?

The current guideline value for Survey No.725/1,2B, 727/2 is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Survey No.725/1,2B, 727/2?

Survey No.725/1,2B, 727/2 is classified as Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

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

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.