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Guideline Value

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Guideline Value for Thiruvalluvar St, Lakshmipuram (Ward-25)

₹1600/sq.ft.

The guideline value for Thiruvalluvar St, Lakshmipuram (ward-25) 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 ₹1005 /sq.ft.
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 Thiruvalluvar St, Lakshmipuram (ward-25)

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Thiruvalluvar St, Lakshmipuram (Ward-25) guideline value

The current guideline value for Thiruvalluvar St, Lakshmipuram (Ward-25) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruvalluvar St, Lakshmipuram (Ward-25) has changed

Over the years, the guideline value for Thiruvalluvar St has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value to Rs 1,600 per sq.ft, marking a 59% increase from the 2017 figure. Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 7%.

It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. This lack of data indicates that the guideline value has not been recorded for these years.

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 a median value of Rs 1,600 per sq.ft. Thiruvalluvar St, Lakshmipuram (Ward-25) has a 2024 guideline value that is equal to this median.

Stamp duty and registration fee for property in Thiruvalluvar St, Lakshmipuram (Ward-25)

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar St, Lakshmipuram (Ward-25)?

The Sub Registrar Office that covers Thiruvalluvar St, Lakshmipuram (Ward-25) 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 plays a crucial role during property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and complies with local regulations.

When a buyer or seller engages in a property transaction, the guideline value is referenced to ascertain the official value of the property. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar St, Lakshmipuram (Ward-25)?

The current guideline value of Thiruvalluvar St, Lakshmipuram (Ward-25) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. This represents a 59% increase from 2017 to 2024 and an overall increase of 7% from 2012 to 2024.

What is the land classification for Thiruvalluvar St, Lakshmipuram (Ward-25)?

The land classification for Thiruvalluvar St, Lakshmipuram (Ward-25) is Residential Class II 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. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.