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Guideline Value

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Guideline Value for Thirumalai Nagar 3rd St,Ponniammanmedu (Ward-24)

₹2700/sq.ft.

The guideline value for Thirumalai Nagar 3rd St,ponniammanmedu (ward-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 N/A
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 3rd St,ponniammanmedu (ward-24)

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Thirumalai Nagar 3rd St,Ponniammanmedu (Ward-24) guideline value

The current guideline value of Thirumalai Nagar 3rd St, Ponniammanmedu (Ward-24) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumalai Nagar 3rd St,Ponniammanmedu (Ward-24) has changed

The guideline value for Thirumalai Nagar 3rd St, Ponniammanmedu has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an increase of 8% from the 2012 revision, where the value was Rs 2,500 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002.

Before the 2012 revision, there were no recorded figures for this street in the previous years. The 2012 revision marked a significant update, establishing a new benchmark for the property value in this area.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Thirumalai Nagar 3rd St, Ponniammanmedu above this median with its current guideline value of Rs 2,700 per sq.ft.

Stamp duty and registration fee for property in Thirumalai Nagar 3rd St,Ponniammanmedu (Ward-24)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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, making the total charges Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details on the fees applicable.

Which Sub Registrar Office covers Thirumalai Nagar 3rd St,Ponniammanmedu (Ward-24)?

The Sub Registrar Office that covers Thirumalai Nagar 3rd St, Ponniammanmedu (Ward-24) 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 is a crucial factor when registering property in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for the sale price, ensuring that the transaction is recorded accurately and that the appropriate fees are paid to the authorities. This process helps maintain transparency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 3rd St, Ponniammanmedu?

The current guideline value of Thirumalai Nagar 3rd St, Ponniammanmedu (Ward-24) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since the 2012 revision, the guideline value has increased by 8%, from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft in 2024.

What is the land classification for Thirumalai Nagar 3rd St?

The land classification for Thirumalai Nagar 3rd St, Ponniammanmedu (Ward-24) is Residential Special 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 property in Thirumalai Nagar 3rd St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.