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Guideline Value

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Guideline Value for Thiru.Vi.Ka 6th Street (Ward-13)

₹1600/sq.ft.

The guideline value for Thiru.vi.ka 6th Street (ward-13) 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 N/A
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 Thiru.vi.ka 6th Street (ward-13)

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Thiru.Vi.Ka 6th Street (Ward-13) guideline value

The current guideline value of Thiru.Vi.Ka 6th Street (Ward-13) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Thiru.Vi.Ka 6th Street (Ward-13) has changed

The guideline value for Thiru.Vi.Ka 6th Street (Ward-13) has seen several revisions over the years. The earliest available revision is from 2012, where the guideline value was set at Rs 1,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,600 per sq.ft, marking a change of +7% from the 2012 figure. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From 2012 to 2024, the increase in the guideline value reflects the adjustments made in the valuation of properties in the area. The 2024 guideline value aligns with the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram registered under the Madhavaram SRO.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Thiru.Vi.Ka 6th Street (Ward-13) is positioned at this median value in the current revision.

Stamp duty and registration fee for property in Thiru.Vi.Ka 6th Street (Ward-13)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru.Vi.Ka 6th Street (Ward-13)?

The Sub Registrar Office that covers Thiru.Vi.Ka 6th Street (Ward-13) 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 in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the transaction is recorded at a value that reflects the current market conditions as assessed by the Registration Department.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiru.Vi.Ka 6th Street (Ward-13)?

The current guideline value of Thiru.Vi.Ka 6th Street (Ward-13) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, representing an increase of +7%. The register has no figures for the years 2003, 2007, 2017, and 2023.

What is the land classification for Thiru.Vi.Ka 6th Street (Ward-13)?

Thiru.Vi.Ka 6th Street (Ward-13) falls under the Residential Class II Type - I land classification. This classification is important for determining the usage and development potential of the land.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in the area.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty in Madhavaram is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.