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Guideline Value

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Guideline Value for Vasudeva Mudali Thottam Cross st ( Ward No.21 )

₹1600/sq.ft.

The guideline value for Vasudeva Mudali Thottam Cross St ( Ward No.21 ) 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 Vasudeva Mudali Thottam Cross St ( Ward No.21 )

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Vasudeva Mudali Thottam Cross st ( Ward No.21 ) guideline value

The current guideline value of Vasudeva Mudali Thottam Cross st ( Ward No.21 ) 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 Vasudeva Mudali Thottam Cross st ( Ward No.21 ) has changed

The guideline value for Vasudeva Mudali Thottam Cross st has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2024, there has been a significant increase of 59%, bringing the current value to Rs 1,600 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

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 matches the guideline value of Vasudeva Mudali Thottam Cross st.

Stamp duty and registration fee for property in Vasudeva Mudali Thottam Cross st ( Ward No.21 )

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 fees together 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 the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Vasudeva Mudali Thottam Cross st ( Ward No.21 )?

The Vasudeva Mudali Thottam Cross st ( Ward No.21 ) is covered by 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 in the property registration process in Madhavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that both parties are aware of the financial obligations involved in the property transfer.

It is essential for buyers and sellers to be informed about the current guideline value, as it can affect the overall cost of the transaction. Ensuring accurate calculations based on the guideline value can help in avoiding any unexpected financial burdens during the registration process.

Frequently asked questions

What is the current guideline value of Vasudeva Mudali Thottam Cross st?

The current guideline value of Vasudeva Mudali Thottam Cross st ( Ward No.21 ) 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, marking a 59% increase from 2017 to 2024.

What is the land classification for this street?

Vasudeva Mudali Thottam Cross st ( Ward No.21 ) is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office covering Vasudeva Mudali Thottam Cross st ( Ward No.21 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

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