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Guideline Value

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Guideline Value for Devaki Nagar Main Road ( Ward No.24 )

₹3250/sq.ft.

The guideline value for Devaki Nagar Main Road ( 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 N/A
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 Main Road ( Ward No.24 )

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Devaki Nagar Main Road ( Ward No.24 ) guideline value

The current guideline value of Devaki Nagar Main Road ( Ward No.24 ) is Rs 3,250 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Devaki Nagar Main Road ( Ward No.24 ) has changed

Over the years, the guideline value for Devaki Nagar Main Road has seen several revisions. The most recent revision in 2024 set the value at Rs 3,250 per sq.ft, an increase from Rs 3,000 per sq.ft in the 2023 revision. This change represents an 8% increase from the previous year. Prior to that, the value remained unchanged at Rs 3,000 per sq.ft from the 2012 revision to the 2023 revision. Notably, there are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street.

Overall, when comparing the revisions from 2012 to 2024, the guideline value has increased by 8%. The 2024 figure of Rs 3,250 per sq.ft is a significant update, reflecting the current valuation trends in the area.

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 Main Road is above this median.

Stamp duty and registration fee for property in Devaki Nagar Main Road ( 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 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devaki Nagar Main Road ( Ward No.24 )?

The Sub Registrar Office that covers Devaki Nagar Main Road ( 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Devaki Nagar Main Road?

The current guideline value of Devaki Nagar Main Road ( 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 2023 to Rs 3,250 per sq.ft in 2024, marking an 8% increase. There were no changes recorded for the years 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Devaki Nagar Main Road?

Devaki Nagar Main Road is classified as Mixed Type - I land, which indicates a blend of residential and commercial usage in the area.

What are the stamp duty and registration fees for property transactions?

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. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Devaki Nagar Main Road located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations for the area.