Madipakkam- 2

About Madipakkam- 2 Village

Madipakkam- 2 is a prominent revenue village located under the Velacheri Sub-Registrar Office (SRO) in the Chennai district of Tamil Nadu. This village is characterized by its serene environment and strategic location, making it an attractive option for both residential and commercial developments. The village is classified under a single land classification, which simplifies the understanding of its guideline values for property buyers. Presently, there is one survey number designated for Madipakkam- 2, with published guideline values reflecting the current market trends.

Land Classifications in Madipakkam- 2

In Tamil Nadu, land is classified into various categories, each impacting the guideline value significantly. Here’s a brief overview of the different land classifications:

• Wet Land (Nanjai): This type of land is irrigated and has a reliable source of water, making it ideal for agricultural activities.
• Dry Land (Punjai): Typically rain-fed, this land is used for agriculture but relies on seasonal rainfall.
• Garden Land: Designated for orchards and plantation crops, garden land is often valued higher due to its potential for producing fruits and vegetables.
• Commercial: This land is specifically allocated for business activities, and it usually commands a higher guideline value due to its economic potential.
• Residential: Land used for housing purposes; its value is contingent upon the locality and amenities available.
• Industrial: This classification is meant for manufacturing and industrial use, often linked to significant infrastructure investments.

The classification of land directly affects its guideline value. For instance, commercial and industrial lands tend to have higher values compared to agricultural lands due to their potential for generating income.

Understanding Survey Numbers

The survey number system in Tamil Nadu is crucial for identifying specific parcels of land. Here’s how it works:

• Assignment: Survey numbers are assigned by the government based on land surveys, ensuring each parcel has a unique identification.
• Main Survey vs. Subdivisions: Main survey numbers are typically whole numbers, while subdivisions are denoted as fractions (e.g., 1/1, 1/2), indicating divisions of the main parcel.
• Reading Your Patta: To find your survey number, refer to the patta document, where it will be listed clearly.
• Verifying Boundaries: To confirm survey boundaries, you can refer to the Field Measurement Book (FMB) available at local revenue offices.

How to Find Your Guideline Value

Finding the guideline value for your property in Madipakkam- 2 is straightforward. Here’s a step-by-step guide:

1. Identify Your Survey Number: Locate it from your patta or sale deed.
2. Determine Land Classification: Identify the land classification applicable to your property.
3. Locate the Value: Refer to the table of guideline values for the specific land classification.
4. Calculate Value: Use the per square foot value for your property size to compute the total value.
5. Consider Subdivision Factors: If your land falls under a subdivision, adjust your calculations accordingly.

Frequently Asked Questions

• How to find my survey number? You can find your survey number on your patta document or by visiting the local revenue office.
• What is the difference between wet land and dry land values? Wet land typically has a higher value due to its irrigation potential, whereas dry land is dependent on rainfall, leading to lower valuations.
• Can I register below guideline value? No, property registration must adhere to the guideline values set by the government.
• How often are village guideline values updated? Guideline values are usually revised periodically, with significant updates expected based on market trends and regional development.

Disclaimer

The guideline values mentioned are sourced from TNReginet and are effective from July 2024. It is advisable to verify all details and values with the Velacheri Sub Registrar Office for official transactions.