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Guideline Value

Corporate

Guideline Value for Venkat Nagar Roads ( Ward No.5 )

₹1600/sq.ft.

The guideline value for Venkat Nagar Roads ( Ward No.5 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. 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 ₹1500 /sq.ft.
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 Venkat Nagar Roads ( Ward No.5 )

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Venkat Nagar Roads ( Ward No.5 ) guideline value

The current guideline value of Venkat Nagar Roads ( Ward No.5 ) 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 Venkat Nagar Roads ( Ward No.5 ) has changed

Over the years, the guideline value for Venkat Nagar Roads ( Ward No.5 ) has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, which is an increase from Rs 1,500 per sq.ft in the 2023 revision. This change represents a 7% increase from the previous year. The guideline value remained unchanged at Rs 1,500 per sq.ft from 2012 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 7%.

The register does not provide figures for the years 2002, 2003, 2007, and 2017 for this street. The 2012 revision also set the value at Rs 1,500 per sq.ft, marking the last recorded figure before the recent changes.

Guideline values in Madhavaram

Madhavaram village has a range of guideline values for its streets, with the 2024 figures spanning from Rs 1,300 to Rs 7,500 per sq.ft. The median value for the village is Rs 1,600 per sq.ft, which aligns with the current guideline value of Venkat Nagar Roads ( Ward No.5 ).

Stamp duty and registration fee for property in Venkat Nagar Roads ( Ward No.5 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty, calculated at 7%, would be Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, the total cost for these fees would be Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Venkat Nagar Roads ( Ward No.5 )?

The Sub Registrar Office that covers Venkat Nagar Roads ( Ward No.5 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional information.

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

The guideline value plays a crucial role in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When you register a property, the guideline value ensures that the transaction is recorded at a value that reflects the prevailing rates in the area. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Venkat Nagar Roads ( Ward No.5 )?

The current guideline value of Venkat Nagar Roads ( Ward No.5 ) 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 increased from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. From 2012 to 2024, the overall increase is also 7%.

What is the land classification for Venkat Nagar Roads ( Ward No.5 )?

Venkat Nagar Roads ( Ward No.5 ) is classified as 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.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.