Guideline Value for THE MADRAS AVENUE

The Madras Avenue guideline value

The current guideline value of The Madras Avenue is Rs 3,000 per sq.ft. It is located in Varadarajapuram village, under the Padappai SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of The Madras Avenue has changed

The register has no figure for The Madras Avenue for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision took place in 2024, where the guideline value was set at Rs 3,000 per sq.ft.

There have been no changes between the revisions above, as the only available figure for The Madras Avenue is from the 2024 revision.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The Madras Avenue's 2024 guideline value is above this median.

• The Lotus Phase-I, II: Rs 1,650 per sq.ft (2024)
• Tansi puram: Rs 1,650 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,650 per sq.ft (2024)
• Tambaram - Manimangalam Road: Rs 1,320 per sq.ft (2024)
• Tambaram - Kishkintha Road: Rs 1,650 per sq.ft (2024)
• Thiruppathi Nagar Extn: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in The Madras Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, totaling Rs 2,70,000. 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 The Madras Avenue?

The Madras Avenue is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Varadarajapuram. It determines the minimum value at which properties can be registered, ensuring transparency and compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted at fair values as per the established guidelines.

Frequently asked questions

What is the current guideline value of The Madras Avenue?

The current guideline value of The Madras Avenue is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for The Madras Avenue in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision recorded is from 2024, which set the guideline value at Rs 3,000 per sq.ft.

What is the land classification for The Madras Avenue?

The land classification for The Madras Avenue is Residential Class III Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in The Madras Avenue?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,70,000, based on the current guideline value of Rs 30,00,000.

Which office handles registrations for The Madras Avenue?

The Padappai Sub Registrar Office handles registrations for The Madras Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.