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Guideline Value

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Guideline Value for Vijay Nagar Main Rd ( Ward No.5 )

₹1300/sq.ft.

The guideline value for Vijay Nagar Main Rd ( Ward No.5 ) 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 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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 Vijay Nagar Main Rd ( Ward No.5 )

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Vijay Nagar Main Rd ( Ward No.5 ) guideline value

The current guideline value of Vijay Nagar Main Rd ( Ward No.5 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vijay Nagar Main Rd ( Ward No.5 ) has changed

The guideline value for Vijay Nagar Main Rd ( Ward No.5 ) has undergone several revisions over the years. The oldest revision available is from 2012, which set the guideline value at Rs 1,200 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 figure. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline value has seen a rise from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024. This change reflects the only available revisions, with no figures recorded for the intervening years.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Vijay Nagar Main Rd ( Ward No.5 ) is below this median.

Stamp duty and registration fee for property in Vijay Nagar Main Rd ( Ward No.5 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000. Therefore, the total cost for stamp duty and registration would be Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vijay Nagar Main Rd ( Ward No.5 )?

The Sub Registrar Office that covers Vijay Nagar Main Rd ( Ward No.5 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees during the sale or purchase process.

When a property is bought or sold, the registration office uses the guideline value to ensure that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Vijay Nagar Main Rd ( Ward No.5 )?

The current guideline value of Vijay Nagar Main Rd ( Ward No.5 ) 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 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an 8% rise. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Vijay Nagar Main Rd ( Ward No.5 )?

The land classification for Vijay Nagar Main Rd ( Ward No.5 ) is Residential Class III Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area, including Vijay Nagar Main Rd ( Ward No.5 ).