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Guideline Value

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Guideline Value for Ragavendra Avenu, Maduramettupalayam (Ward-30)

₹1300/sq.ft.

The guideline value for Ragavendra Avenu, Maduramettupalayam (ward-30) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Ragavendra Avenu, Maduramettupalayam (ward-30)

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Ragavendra Avenu, Maduramettupalayam (Ward-30) guideline value

The current guideline value of Ragavendra Avenu, Maduramettupalayam (Ward-30) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ragavendra Avenu, Maduramettupalayam (Ward-30) has changed

The guideline value for Ragavendra Avenu has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. The most recent revision in 2024 has increased the value to Rs 1,300 per sq.ft, marking a 62% increase from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 8%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street in the register. This lack of data means that the changes in guideline value during those years cannot be assessed.

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 in this area is Rs 1,600 per sq.ft, indicating that the 2024 figure for Ragavendra Avenu is below the median.

Stamp duty and registration fee for property in Ragavendra Avenu, Maduramettupalayam (Ward-30)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendra Avenu, Maduramettupalayam (Ward-30)?

The Sub Registrar Office that covers Ragavendra Avenu is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is assessed to ensure that the correct fees are applied based on the higher of the guideline value or the sale price. This ensures transparency in property transactions and helps in maintaining a standard valuation across the area.

Frequently asked questions

What is the current guideline value of Ragavendra Avenu?

The current guideline value of Ragavendra Avenu, Maduramettupalayam (Ward-30) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then to Rs 1,300 per sq.ft in 2024. This indicates a 62% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

What is the land classification of Ragavendra Avenu?

Ragavendra Avenu is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

Which office handles registrations for Ragavendra Avenu?

The Madhavaram Sub Registrar Office handles registrations for Ragavendra Avenu. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 13,00,000, the stamp duty would be calculated at 7% of that amount.