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Guideline Value

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Guideline Value for Devaki Nagar 4th Cross Street (Ward 24)

₹3250/sq.ft.

The guideline value for Devaki Nagar 4th 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 4th Cross Street (ward 24)

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Devaki Nagar 4th Cross Street (Ward 24) guideline value

The current guideline value for Devaki Nagar 4th Cross Street (Ward 24) is Rs 3,250 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Devaki Nagar 4th Cross Street (Ward 24) has changed

The guideline value for Devaki Nagar 4th Cross Street has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then to Rs 3,250 per sq.ft in 2024, reflecting an 8% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the increase was notable at 49%, and overall, from 2012 to 2024, there has been a slight increase of 8%. The current guideline value of Rs 3,250 per sq.ft is a reflection of these changes over the years.

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, with a median value of Rs 1,600 per sq.ft. The guideline value for Devaki Nagar 4th Cross Street is above this median.

Stamp duty and registration fee for property in Devaki Nagar 4th 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 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. Please 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 4th Cross Street (Ward 24)?

The Sub Registrar Office that covers Devaki Nagar 4th 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 critical factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be bought or sold, ensuring that the transactions are documented at a fair price.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devaki Nagar 4th Cross Street?

The current guideline value of Devaki Nagar 4th 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 to Rs 3,250 per sq.ft in 2024.

What is the land classification for Devaki Nagar 4th Cross Street?

The land classification for Devaki Nagar 4th Cross Street (Ward 24) is Mixed Type - I.

What are the stamp duty and registration fees for 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.

Which office handles registrations for Devaki Nagar 4th Cross Street?

The Madhavaram Sub Registrar Office handles registrations for Devaki Nagar 4th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.