Guideline Value for chennai bangalore high road

Chennai Bangalore High Road guideline value

The current guideline value of Chennai Bangalore High Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Madavilagam village, under the jurisdiction of the Poonamallee SRO, and is classified as Industries Type - I.

How the guideline value of Chennai Bangalore High Road has changed

The guideline value for Chennai Bangalore High Road has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a remarkable rise of 700%. However, in 2017, the value dropped to Rs 1,340 per sq.ft, which was a decrease of 33%. The guideline value then increased to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the increase has been substantial, with a total rise of 780%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the Chennai Bangalore High Road guideline value is above this median.

• Board school kootroad 169/2: Rs 1,100 per sq.ft (2024)
• Board school kootroad 169/1: Rs 1,100 per sq.ft (2024)
• Bajanai koil street: Rs 1,100 per sq.ft (2024)
• Gangaikondan mandappa veethi 169/1,2: Rs 1,100 per sq.ft (2024)
• ARK Vigneshwarar: Rs 1,100 per sq.ft (2024)
• Industrial Estate 113/2: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Bangalore High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chennai Bangalore High Road?

The Chennai Bangalore High Road falls under the Poonamallee Sub Registrar Office located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madavilagam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Chennai Bangalore High Road?

The current guideline value of Chennai Bangalore High Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the median guideline value in Madavilagam?

The median guideline value in Madavilagam is Rs 1,100 per sq.ft, with the Chennai Bangalore High Road value being above this median.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Chennai Bangalore High Road?

The Poonamallee Sub Registrar Office handles registrations for Chennai Bangalore High Road, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.