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Guideline Value

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Guideline Value for Devaki Nagar 2nd st ( Ward No.24 )

₹3250/sq.ft.

The guideline value for Devaki Nagar 2nd St ( Ward No.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 St ( Ward No.24 )

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Devaki Nagar 2nd st ( Ward No.24 ) guideline value

The current guideline value of Devaki Nagar 2nd st ( Ward No.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 the land classification is Mixed Type - I.

How the guideline value of Devaki Nagar 2nd st ( Ward No.24 ) has changed

The guideline value for Devaki Nagar 2nd st has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,250 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The change from 2023 to 2024 reflects an 8% rise. Overall, from 2012 to 2024, the guideline value has increased by 8%. 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, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, placing the 2024 guideline value of Devaki Nagar 2nd st above this median.

Stamp duty and registration fee for property in Devaki Nagar 2nd st ( Ward No.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 to Rs 2,92,500. Duty is charged on the higher of the guideline value and 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 st ( Ward No.24 )?

The Sub Registrar Office that covers Devaki Nagar 2nd st ( Ward No.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 critical factor in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This value ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Devaki Nagar 2nd st ( Ward No.24 )?

The current guideline value of Devaki Nagar 2nd st ( Ward No.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 to Rs 3,250 per sq.ft in 2024.

What is the land classification for Devaki Nagar 2nd st ( Ward No.24 )?

The land classification for Devaki Nagar 2nd st ( Ward No.24 ) is Mixed Type - I.

What are the stamp duty and registration fees for properties in this area?

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.

Where can I find the Sub Registrar Office for Devaki Nagar 2nd st ( Ward No.24 )?

The Sub Registrar Office for Devaki Nagar 2nd st ( Ward No.24 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.