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Guideline Value

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Guideline Value for Madavilagam arijana colony 108/4

₹660/sq.ft.

The guideline value for Madavilagam Arijana Colony 108/4 in Madavilagam village (Poonamallee SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madavilagam

Village

Poonamallee

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
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.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Madavilagam Arijana Colony 108/4

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Madavilagam arijana colony 108/4 guideline value

The current guideline value for Madavilagam arijana colony 108/4 is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village under the Poonamallee SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Madavilagam arijana colony 108/4 has changed

The guideline value for Madavilagam arijana colony 108/4 has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 150 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, but then decreased to Rs 402 per sq.ft in 2017. Following this, the value rose sharply to Rs 600 per sq.ft in 2023, and most recently to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. Notably, there are no figures recorded for the years 2002 and 2003 for this street in the register.

Guideline values in Madavilagam

In Madavilagam village, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Madavilagam arijana colony 108/4 is below this median.

Stamp duty and registration fee for property in Madavilagam arijana colony 108/4

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that 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 Madavilagam arijana colony 108/4?

The Sub Registrar Office that covers Madavilagam arijana colony 108/4 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Madavilagam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are necessary for the legal transfer of property ownership.

When completing a property transaction, buyers and sellers should be aware that the guideline value will influence the overall cost of registration. It is essential to consult the latest figures to ensure compliance with local regulations and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value for Madavilagam arijana colony 108/4?

The current guideline value for Madavilagam arijana colony 108/4 is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What are the other streets with the same guideline value?

Other streets in Madavilagam with the same guideline value of Rs 660 per sq.ft for 2024 include Madavilagam arijana colony 108/3, Madavilagam arijanna colony 108/2, Madavilagam arijana colony 108/1, and Madavilagam arijana colony 108.

What are the stamp duty and registration fees for buying property in Madavilagam arijana colony 108/4?

The stamp duty for a property in Madavilagam arijana colony 108/4 is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Which office handles the registration for Madavilagam arijana colony 108/4?

The Poonamallee Sub Registrar Office handles the registration for properties in Madavilagam arijana colony 108/4, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.