Guideline Value

Corporate

Guideline Value for M.R.L. Colony 1st Street

₹2200/sq.ft.

The guideline value for M.r.l. Colony 1st Street in Jampuli village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Jampuli

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 M.r.l. Colony 1st Street

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M.R.L. Colony 1st Street guideline value

The current guideline value for M.R.L. Colony 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of M.R.L. Colony 1st Street has changed

The guideline value for M.R.L. Colony 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. This was a decline of 26%. However, the value saw a significant increase in the following years, rising to Rs 2,000 per sq.ft in 2023, and then further to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 22%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Jampuli

In Jampuli village, there are 118 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,450 per sq.ft, placing M.R.L. Colony 1st Street's 2024 figure below this median.

Stamp duty and registration fee for property in M.R.L. Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 M.R.L. Colony 1st Street?

The Sub Registrar Office that covers M.R.L. Colony 1st Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a critical figure used during the registration of property transactions in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of M.R.L. Colony 1st Street?

The current guideline value of M.R.L. Colony 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the stamp duty for property in M.R.L. Colony 1st Street?

The stamp duty for property in M.R.L. Colony 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the other streets in Jampuli with their guideline values?

Other streets in Jampuli include M.R.L. Colony 2nd Street and M.R.L. Colony 3rd Street, both at Rs 2,200 per sq.ft, Mathur Salai and New Colony (30 Feet Road) at Rs 1,900 per sq.ft, Loganathan Avenue at Rs 2,700 per sq.ft, and Palaniappa Road at Rs 3,000 per sq.ft.