Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Thirumalai Nagar Sastri Nagar Main Road ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thirumalai Nagar Sastri Nagar Main Road ( Ward No.24 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 Thirumalai Nagar Sastri Nagar Main Road ( Ward No.24 )

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Thirumalai Nagar Sastri Nagar Main Road ( Ward No.24 ) guideline value

The current guideline value for Thirumalai Nagar Sastri Nagar Main Road (Ward No.24) is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village and is classified as Residential Special Type - I under the Madhavaram SRO.

How the guideline value of Thirumalai Nagar Sastri Nagar Main Road ( Ward No.24 ) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value saw a significant increase of 61%, reaching Rs 2,700 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not contain figures for the years 2023, 2007, 2003, and 2002 for this street.

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 the median being Rs 1,600 per sq.ft. The guideline value for Thirumalai Nagar Sastri Nagar Main Road (Ward No.24) is above this median.

Stamp duty and registration fee for property in Thirumalai Nagar Sastri Nagar Main Road ( Ward No.24 )

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 further calculations.

Which Sub Registrar Office covers Thirumalai Nagar Sastri Nagar Main Road ( Ward No.24 )?

The Sub Registrar Office that covers Thirumalai Nagar Sastri Nagar Main Road (Ward No.24) 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 determining the stamp duty and registration fees when buying or selling property in Madhavaram. It serves as a benchmark for the minimum value at which property transactions are registered, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that all property transactions are fairly taxed according to the established guideline values.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar Sastri Nagar Main Road?

The current guideline value for Thirumalai Nagar Sastri Nagar Main Road (Ward No.24) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,700 per sq.ft in 2024. Overall, this represents an increase of 8% from 2012 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Thirumalai Nagar Sastri Nagar Main Road?

The Madhavaram Sub Registrar Office handles property registrations for Thirumalai Nagar Sastri Nagar Main Road (Ward No.24). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thirumalai Nagar Sastri Nagar Main Road?

Thirumalai Nagar Sastri Nagar Main Road is classified as Residential Special Type - I, indicating its designated use for residential purposes.