Ward Iv Street

About Ward Iv Street Village

Ward Iv Street is a notable revenue village located under the Madurai South Joint 4 Sub Registrar Office (SRO) in the Madurai district of Tamil Nadu. This village is characterized by its unique land classifications, which play a crucial role in determining property values and development opportunities. With a total of 10 survey numbers, Ward Iv Street has published guideline values that serve as a reference for property transactions within the area.

Land Classifications in Ward Iv Street

In Tamil Nadu, land is classified into several categories, each with specific characteristics and implications for property valuation. Here are the primary land classifications relevant to Ward Iv Street:

• Wet Land (Nanjai): This category includes irrigated agricultural land with a reliable water source, typically leading to higher guideline values due to its productive capacity.
• Dry Land (Punjai): Consisting of rain-fed agricultural land, this classification generally has lower values compared to wet land due to dependence on seasonal rainfall.
• Garden Land: This includes orchards and lands cultivated with plantation crops, often attracting a premium based on the type of produce.
• Commercial: Designated for business activities, commercial land is valued higher because of its potential for income generation.
• Residential: This category is for housing and dwellings, with values influenced by proximity to amenities and demand for housing.
• Industrial: Used for manufacturing and industrial purposes, this classification often has distinct values based on location and infrastructure availability.

The classification of land significantly affects its guideline value, as each category has different demand dynamics and potential for use.

Understanding Survey Numbers

The survey number system in Tamil Nadu is essential for identifying and managing land parcels. Here’s how it works:

• Assignment of Survey Numbers: Survey numbers are assigned to land parcels to help in identification and verification.
• Main Survey vs Subdivisions: Each main survey number can have subdivisions, denoted as 1/1, 1/2, etc., indicating portions of the main plot.
• Reading Your Patta: To find your survey number, refer to the patta or sale deed, which lists the survey number associated with the property.
• Verifying Survey Boundaries: To confirm boundaries, consult the Field Measurement Book (FMB) available at local revenue offices.

How to Find Your Guideline Value

Finding the guideline value for your property in Ward Iv Street involves the following steps:

1. Identify Your Survey Number: Locate your survey number on the patta or sale deed.
2. Find the Correct Land Classification: Determine the land classification applicable to your property.
3. Locate the Value: Use the published table of guideline values to find the value corresponding to your survey number and classification.
4. Calculate Per Sq.Ft Value: Use the guideline value to calculate the price based on your property's size.
5. Consider Subdivision Factors: If your land has subdivisions, adjust your calculations accordingly.

Frequently Asked Questions

• How to find my survey number? You can find your survey number on your property documents like the patta or sale deed.
• What is the difference between wet land and dry land values? Wet land typically has a higher value due to irrigation facilities, while dry land values are generally lower due to reliance on rainfall.
• Can I register below guideline value? No, registration below the guideline value is not permitted as per the regulations.
• How often are village guideline values updated? Village guideline values are reviewed and updated periodically, with the latest updates effective from July 2024.

Disclaimer

The guideline values mentioned herein are sourced from TNReginet and are effective from July 2024. For any official transactions, it is advisable to verify the details with the Madurai South Joint 4 Sub Registrar Office.