Guideline Value

Corporate

Guideline Value for Devaki Nagar (Part-IV)

₹3250/sq.ft.

The guideline value for Devaki Nagar (part-iv) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 3250 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹3250 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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 Devaki Nagar (part-iv)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Devaki Nagar (Part-IV) guideline value

The current guideline value of Devaki Nagar (Part-IV) is Rs 3,250 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Devaki Nagar (Part-IV) has changed

Looking at the historical revisions, the guideline value for Devaki Nagar (Part-IV) has seen several changes over the years. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. However, the 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,250 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing the guideline value for Devaki Nagar (Part-IV) above this median.

Stamp duty and registration fee for property in Devaki Nagar (Part-IV)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 32,50,000. The stamp duty at 7% would be Rs 2,27,500, and the registration fee at 2% would be Rs 65,000, bringing the total to Rs 2,92,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devaki Nagar (Part-IV)?

The Sub Registrar Office that covers Devaki Nagar (Part-IV) is the Madhavaram Sub Registrar Office, 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 plays a crucial role during the registration process when buying or selling property in Madhavaram. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Devaki Nagar (Part-IV)?

The current guideline value of Devaki Nagar (Part-IV) is Rs 3,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,250 per sq.ft in 2024.

What is the land classification for Devaki Nagar (Part-IV)?

Devaki Nagar (Part-IV) is classified as Mixed Type - I land according to the Madhavaram SRO.

What is the registration office for properties in Devaki Nagar (Part-IV)?

The registration office for properties in Devaki Nagar (Part-IV) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for property transactions in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is generally charged at 7% of the value, along with a registration fee of 2%.