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Guideline Value

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Guideline Value for Victory Field (Interior) (Ward-16)

₹1300/sq.ft.

The guideline value for Victory Field (interior) (ward-16) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Victory Field (interior) (ward-16)

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Victory Field (Interior) (Ward-16) guideline value

The current guideline value of Victory Field (Interior) (Ward-16) is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Victory Field (Interior) (Ward-16) has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. With the 2024 revision, this value increased to Rs 1,300 per sq.ft, marking a significant change of +62% over this period. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Victory Field (Interior) (Ward-16) are from 2017 and 2024. The increase from Rs 804 to Rs 1,300 indicates a notable adjustment in the guideline value over the seven-year span.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as per the 2024 figures, with a median value of Rs 1,600 per sq.ft. The guideline value for Victory Field (Interior) (Ward-16) is below this median.

Stamp duty and registration fee for property in Victory Field (Interior) (Ward-16)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that 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 details.

Which Sub Registrar Office covers Victory Field (Interior) (Ward-16)?

The Madhavaram Sub Registrar Office covers Victory Field (Interior) (Ward-16). The office is 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 transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of their financial obligations based on the established guideline value.

Frequently asked questions

What is the current guideline value of Victory Field (Interior) (Ward-16)?

The current guideline value of Victory Field (Interior) (Ward-16) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting a change of +62% over this period. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram range from Rs 1,300 to Rs 2,700 per sq.ft as of 2024. Some streets, like Victory Fields Extension and Victory Fields Santham Nagar, have higher values at Rs 2,200 per sq.ft.

How is stamp duty calculated for properties in Victory Field (Interior) (Ward-16)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 91,000.

Where can I find the Sub Registrar Office for Victory Field (Interior) (Ward-16)?

The Madhavaram Sub Registrar Office, which covers Victory Field (Interior) (Ward-16), is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.