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Guideline Value

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Guideline Value for Devaki Nagar (Ponniamman Medu) (Ward-24)

₹3250/sq.ft.

The guideline value for Devaki Nagar (ponniamman Medu) (ward-24) 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 (ponniamman Medu) (ward-24)

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Devaki Nagar (Ponniamman Medu) (Ward-24) guideline value

The current guideline value for Devaki Nagar (Ponniamman Medu) (Ward-24) is Rs 3,250 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO, classified as Mixed Type - I land.

How the guideline value of Devaki Nagar (Ponniamman Medu) (Ward-24) has changed

Over the years, the guideline value for Devaki Nagar (Ponniamman Medu) has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. However, this was followed by a significant increase to Rs 3,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the guideline value to Rs 3,250 per sq.ft, marking an 8% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 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

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value for the village is Rs 1,600 per sq.ft, indicating that the guideline value for Devaki Nagar (Ponniamman Medu) is above this median.

Stamp duty and registration fee for property in Devaki Nagar (Ponniamman Medu) (Ward-24)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,250 per sq.ft, the total guideline value amounts to Rs 32,50,000. The stamp duty at 7% would be Rs 2,27,500, while the registration fee at 2% would be Rs 65,000. Together, the total cost for stamp duty and registration fees would be Rs 2,92,500. It is important to note that the 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 Devaki Nagar (Ponniamman Medu) (Ward-24)?

The Sub Registrar Office that covers Devaki Nagar (Ponniamman Medu) (Ward-24) 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 is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Devaki Nagar (Ponniamman Medu) (Ward-24)?

The current guideline value of Devaki Nagar (Ponniamman Medu) (Ward-24) 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 2023 to Rs 3,250 per sq.ft in 2024, marking an 8% increase. From 2017 to 2023, there was a 49% increase, while the value decreased from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017.

What is the median guideline value in Madhavaram village?

The median guideline value in Madhavaram village is Rs 1,600 per sq.ft as of 2024. The guideline value for Devaki Nagar (Ponniamman Medu) is above this median.

What are the stamp duty and registration fees for property in Devaki Nagar?

For a property valued at Rs 32,50,000, the stamp duty would be Rs 2,27,500 and the registration fee would be Rs 65,000, totaling Rs 2,92,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Devaki Nagar?

The Madhavaram Sub Registrar Office handles registrations for Devaki Nagar (Ponniamman Medu) (Ward-24). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.