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Guideline Value

Corporate

Guideline Value for Tallco Industrial Estate (Ward-18)

₹2450/sq.ft.

The guideline value for Tallco Industrial Estate (ward-18) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2450 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 7% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹2450 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2300 /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 Tallco Industrial Estate (ward-18)

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Tallco Industrial Estate (Ward-18) guideline value

The current guideline value for Tallco Industrial Estate (Ward-18) is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this estate is Industries Type - I.

How the guideline value of Tallco Industrial Estate (Ward-18) has changed

Looking at the historical revisions, the guideline value for Tallco Industrial Estate was Rs 2,300 per sq.ft in 2023 and also Rs 2,300 per sq.ft in 2012. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. The change from 2023 to 2024 represents an increase of 7%, while there was no change from 2012 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 7%.

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 in this area is Rs 1,600 per sq.ft, and the value for Tallco Industrial Estate is above this median.

Stamp duty and registration fee for property in Tallco Industrial Estate (Ward-18)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total fees to Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tallco Industrial Estate (Ward-18)?

The Sub Registrar Office that covers Tallco Industrial Estate (Ward-18) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value is considered the minimum value for registration purposes. This means that the stamp duty and registration fees will be calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Tallco Industrial Estate (Ward-18)?

The current guideline value for Tallco Industrial Estate (Ward-18) is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,450 per sq.ft in 2024, representing a 7% increase. There was no change in the guideline value from 2012 to 2023, and overall, it has increased by 7% from 2012 to 2024.

What is the land classification for Tallco Industrial Estate?

The land classification for Tallco Industrial Estate is Industries Type - I, indicating its suitability for industrial activities.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,20,500.

Where can I find the Sub Registrar Office for Tallco Industrial Estate?

The Madhavaram Sub Registrar Office covers Tallco Industrial Estate (Ward-18) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO through the provided link.