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Guideline Value

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Guideline Value for Thirumalai Nagar 5th St, Ponniammanmedu (Ward-24)

₹2700/sq.ft.

The guideline value for Thirumalai Nagar 5th 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 ₹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 5th St, Ponniammanmedu (ward-24)

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Thirumalai Nagar 5th St, Ponniammanmedu (Ward-24) guideline value

The current guideline value for Thirumalai Nagar 5th 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 5th St, Ponniammanmedu (Ward-24) has changed

The guideline value for Thirumalai Nagar 5th St has undergone several revisions over the years. The earliest available figure is from 2012, where it was Rs 2,500 per sq.ft. In 2017, the value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. However, the most recent revision in 2024 shows an increase to Rs 2,700 per sq.ft, which is a 61% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Thirumalai Nagar 5th St's 2024 figure above this median.

Stamp duty and registration fee for property in Thirumalai Nagar 5th 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 would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Please note that 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 Thirumalai Nagar 5th St, Ponniammanmedu (Ward-24)?

The Sub Registrar Office that covers Thirumalai Nagar 5th St, Ponniammanmedu (Ward-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 when registering property in Madhavaram. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded at a fair price as per the government regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 5th St?

The current guideline value of Thirumalai Nagar 5th St, Ponniammanmedu (Ward-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, and then increased to Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Thirumalai Nagar 5th St?

Thirumalai Nagar 5th St is classified as Residential Special Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for a property in Thirumalai Nagar 5th St?

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 sale price, whichever is higher.

Where is the Sub Registrar Office for Thirumalai Nagar 5th St located?

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.