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Guideline Value

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Guideline Value for Udaiyar Thottam 5th st ( Ward No.17 )

₹1600/sq.ft.

The guideline value for Udaiyar Thottam 5th St ( Ward No.17 ) 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 5th St ( Ward No.17 )

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Udaiyar Thottam 5th st ( Ward No.17 ) guideline value

The current guideline value of Udaiyar Thottam 5th st ( Ward No.17 ) 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 5th st ( Ward No.17 ) has changed

The guideline value for Udaiyar Thottam 5th st has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which set the value at Rs 1,500 per sq.ft. The most recent revision, effective from 1 July 2024, increased this value to Rs 1,600 per sq.ft, marking a change of +7% from the 2012 figure.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. The 2024 revision reflects the current guideline value, aligning with the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with the median value being Rs 1,600 per sq.ft. Udaiyar Thottam 5th st's 2024 figure is equal to this median, indicating a stable valuation in the area.

Stamp duty and registration fee for property in Udaiyar Thottam 5th st ( Ward No.17 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total 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, bringing the total cost for these fees to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udaiyar Thottam 5th st ( Ward No.17 )?

The Sub Registrar Office that covers Udaiyar Thottam 5th st ( Ward No.17 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Udaiyar Thottam 5th st?

The current guideline value of Udaiyar Thottam 5th st ( Ward No.17 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street was Rs 1,500 per sq.ft in 2012 and increased to Rs 1,600 per sq.ft in 2024, reflecting a change of +7%. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the land classification for Udaiyar Thottam 5th st?

Udaiyar Thottam 5th st is classified as Residential Class II Type - I. This classification is important for understanding the type of development allowed in the area.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

Where can I find the Sub Registrar Office for this street?

The Madhavaram Sub Registrar Office covers Udaiyar Thottam 5th st and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.