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Guideline Value

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Guideline Value for Udaiyar Thottam 3rd st ( Ward No.19 )

₹1600/sq.ft.

The guideline value for Udaiyar Thottam 3rd 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 3rd St ( Ward No.19 )

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Udaiyar Thottam 3rd st ( Ward No.19 ) guideline value

The current guideline value of Udaiyar Thottam 3rd st ( Ward No.19 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. 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 3rd st ( Ward No.19 ) has changed

The guideline value for Udaiyar Thottam 3rd st ( Ward No.19 ) has seen revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,600 per sq.ft, reflecting a change of +7% from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street in the register. Thus, the only revisions applicable are from 2012 and 2024.

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. The median value is Rs 1,600 per sq.ft, which is equal to the guideline value of Udaiyar Thottam 3rd st ( Ward No.19 ).

Stamp duty and registration fee for property in Udaiyar Thottam 3rd st ( Ward No.19 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling 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 3rd st ( Ward No.19 )?

The Sub Registrar Office covering Udaiyar Thottam 3rd 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 in 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. The guideline value acts as a benchmark that helps in assessing the value of the property for legal and taxation purposes.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the transaction is transparent and aligns with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for Udaiyar Thottam 3rd st ( Ward No.19 )?

The current guideline value for Udaiyar Thottam 3rd st ( Ward No.19 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2012 revision of Rs 1,500 per sq.ft to the 2024 revision of Rs 1,600 per sq.ft, there has been a change of +7%. There are no recorded figures for the years 2003, 2007, 2017, and 2023 for this street.

What is the classification of Udaiyar Thottam 3rd st?

Udaiyar Thottam 3rd st is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates applicable in Madhavaram?

The stamp duty rate in Madhavaram is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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 registrations for properties in the area.