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Guideline Value

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Guideline Value for Udaiyar Thottam 1st st ( Ward No.19 )

₹1600/sq.ft.

The guideline value for Udaiyar Thottam 1st St ( Ward No.19 ) 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 Udaiyar Thottam 1st St ( Ward No.19 )

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Udaiyar Thottam 1st st ( Ward No.19 ) guideline value

The current guideline value of Udaiyar Thottam 1st st ( Ward No.19 ) is Rs 1,600 per sq.ft. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Udaiyar Thottam 1st st ( Ward No.19 ) has changed

The guideline value for Udaiyar Thottam 1st st has seen revisions over the years. In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. The most recent 2024 revision has increased this value to Rs 1,600 per sq.ft, marking a change of +7% from the previous revision.

It is important to note that the register does not have figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only recorded revisions are from 2012 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 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. The median guideline value for these streets is Rs 1,600 per sq.ft, which is equal to the 2024 figure for Udaiyar Thottam 1st st.

Stamp duty and registration fee for property in Udaiyar Thottam 1st st ( Ward No.19 )

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 fees to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udaiyar Thottam 1st st ( Ward No.19 )?

The Sub Registrar Office that covers Udaiyar Thottam 1st st ( Ward No.19 ) 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 an important factor when registering property in Madhavaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per the regulations set by the Registration Department. It is essential for both buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Udaiyar Thottam 1st st?

The current guideline value of Udaiyar Thottam 1st st ( Ward No.19 ) 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 1,600 per sq.ft in 2024, reflecting a +7% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Udaiyar Thottam 1st st?

Udaiyar Thottam 1st st is classified as Residential Class II Type - I, indicating its suitability for residential development.

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 the stamp duty calculated for properties in Udaiyar Thottam 1st st?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the stamp duty would be Rs 1,12,000.