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Guideline Value

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Guideline Value for Devaki Nagar 2nd Cross Street (Ward 24)

₹3250/sq.ft.

The guideline value for Devaki Nagar 2nd Cross Street (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 2nd Cross Street (ward 24)

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Devaki Nagar 2nd Cross Street (Ward 24) guideline value

The current guideline value of Devaki Nagar 2nd Cross Street (Ward 24) is Rs 3,250 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Mixed Type - I.

How the guideline value of Devaki Nagar 2nd Cross Street (Ward 24) has changed

The guideline value for Devaki Nagar 2nd Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 set the guideline value at Rs 3,250 per sq.ft, which is an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 8%.

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 guideline value in the village is Rs 1,600 per sq.ft, which means that the 2024 value for Devaki Nagar 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Devaki Nagar 2nd Cross Street (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 would be Rs 32,50,000. The stamp duty at 7% would amount to Rs 2,27,500, and the registration fee at 2% would be Rs 65,000, bringing the total fees together to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Devaki Nagar 2nd Cross Street (Ward 24)?

The Sub Registrar Office that covers Devaki Nagar 2nd Cross Street (Ward 24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the duties and fees, which are mandatory for the completion of the transaction. This ensures that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Devaki Nagar 2nd Cross Street (Ward 24)?

The current guideline value of Devaki Nagar 2nd Cross Street (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 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally reached Rs 3,250 per sq.ft in 2024.

What is the land classification for Devaki Nagar 2nd Cross Street?

Devaki Nagar 2nd Cross Street is classified as Mixed Type - I, indicating a blend of residential and commercial land use.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram also have a guideline value of Rs 3,250 per sq.ft in 2024, including Devaki Nagar 1st st, Devaki Nagar 2nd st, Devaki Nagar 1st Cross Street, Devaki Nagar 3rd Cross Street, Devaki Nagar 3rd St, Ponniammanmedu, and Devaki Nagar 4th Cross Street.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO by visiting the provided link.