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Guideline Value

Corporate

Guideline Value for Madavilagam arijana colony 108

₹660/sq.ft.

The guideline value for Madavilagam Arijana Colony 108 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

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Madavilagam arijana colony 108 guideline value

The current guideline value of Madavilagam arijana colony 108 is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village under the Poonamallee SRO and is classified as Residential Class III Type - I.

How the guideline value of Madavilagam arijana colony 108 has changed

Over the years, the guideline value for Madavilagam arijana colony 108 has seen several revisions. 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, marking a 300% rise. However, it then decreased to Rs 402 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 600 per sq.ft in 2023, before reaching the current figure of Rs 660 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madavilagam

In Madavilagam, 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 is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the 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, totaling Rs 59,400. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madavilagam arijana colony 108?

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

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

The guideline value plays a crucial role in property transactions in Madavilagam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded at a fair value as per the government regulations.

When you register a property, the guideline value is considered the minimum value for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Madavilagam arijana colony 108?

The current guideline value of Madavilagam arijana colony 108 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, marking an overall increase of 340% over the years.

What is the land classification for Madavilagam arijana colony 108?

The land classification for Madavilagam arijana colony 108 is Residential Class III Type - I.

Which Sub Registrar Office is responsible for this area?

The Poonamallee Sub Registrar Office is responsible for Madavilagam arijana colony 108, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Madavilagam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.