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Guideline Value

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Guideline Value for Dr. Ramdoss Street, Lakshmipuram (Ward-26)

₹1600/sq.ft.

The guideline value for Dr. Ramdoss Street, Lakshmipuram (ward-26) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Dr. Ramdoss Street, Lakshmipuram (ward-26)

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Dr. Ramdoss Street, Lakshmipuram (Ward-26) guideline value

The current guideline value of Dr. Ramdoss Street, Lakshmipuram (Ward-26) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO with a land classification of Residential Class II Type - I.

How the guideline value of Dr. Ramdoss Street, Lakshmipuram (Ward-26) has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the guideline value saw a significant increase in the 2024 revision, rising to Rs 1,600 per sq.ft, which represents a 59% increase from the 2017 value.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2023.

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 for these streets is Rs 1,600 per sq.ft, placing Dr. Ramdoss Street at the median value for 2024.

Stamp duty and registration fee for property in Dr. Ramdoss Street, Lakshmipuram (Ward-26)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total charges to Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr. Ramdoss Street, Lakshmipuram (Ward-26)?

The Sub Registrar Office that covers Dr. Ramdoss Street, Lakshmipuram (Ward-26) 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 an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process adheres to the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dr. Ramdoss Street, Lakshmipuram (Ward-26)?

The current guideline value of Dr. Ramdoss Street, Lakshmipuram (Ward-26) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 revision at Rs 1,500 per sq.ft, dropping to Rs 1,005 per sq.ft in 2017, and then rising to Rs 1,600 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 7%.

What is the stamp duty for properties in Dr. Ramdoss Street?

The stamp duty for properties in Dr. Ramdoss Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.

Which office handles registrations for Dr. Ramdoss Street?

The registrations for Dr. Ramdoss Street, Lakshmipuram (Ward-26) are handled by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Dr. Ramdoss Street?

The land classification for Dr. Ramdoss Street, Lakshmipuram (Ward-26) is Residential Class II Type - I, indicating its designated use for residential purposes.