Guideline Value

Corporate

Guideline Value for East Mada Street

₹4950/sq.ft.

The guideline value for East Mada Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹800 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹450 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 East Mada Street

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East Mada Street guideline value

The current guideline value of East Mada Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of East Mada Street has changed

The guideline value for East Mada Street has seen several revisions over the years. In 2002, the value was Rs 450 per sq.ft, which increased to Rs 800 per sq.ft in 2003. Following this, the value rose to Rs 850 per sq.ft in 2007, and then saw a significant jump to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,950 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2024, the overall increase is 1000%. The transition from 2017 to 2023 saw a rise of 49%, while the jump from 2023 to 2024 was 10%. It is important to note that the register has no figures for the years not mentioned in the revisions.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing East Mada Street's 2024 figure above that median.

Stamp duty and registration fee for property in East Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Mada Street?

The Sub Registrar Office that covers East Mada Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Saligramam. When registering a property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value set by the government.

Buyers and sellers should be aware that the guideline value can influence the overall cost of a transaction. It is essential to consult the latest figures to understand the financial implications when engaging in property transactions in the area.

Frequently asked questions

What is the current guideline value of East Mada Street?

The current guideline value of East Mada Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, showing an overall increase of 1000% over this period.

What is the stamp duty rate for properties on East Mada Street?

The stamp duty rate for properties on East Mada Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for East Mada Street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the other streets with guideline values in Saligramam?

Other streets in Saligramam include Duraisamy Road at Rs 6,050 per sq.ft, Ekambaram Street at Rs 4,950 per sq.ft, and several others, with values ranging from Rs 2,750 to Rs 13,200 per sq.ft.