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Guideline Value

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Guideline Value for Ramalinga Colony A Block 3rd Cross Street (Ward 23)

₹2700/sq.ft.

The guideline value for Ramalinga Colony A Block 3rd Cross Street (ward 23) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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 Ramalinga Colony A Block 3rd Cross Street (ward 23)

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Ramalinga Colony A Block 3rd Cross Street (Ward 23) guideline value

The current guideline value for Ramalinga Colony A Block 3rd Cross Street (Ward 23) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, with a land classification of Residential Special Type - I.

How the guideline value of Ramalinga Colony A Block 3rd Cross Street (Ward 23) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Ramalinga Colony A Block 3rd Cross Street's 2024 figure above that median.

Stamp duty and registration fee for property in Ramalinga Colony A Block 3rd Cross Street (Ward 23)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramalinga Colony A Block 3rd Cross Street (Ward 23)?

The Sub Registrar Office that covers Ramalinga Colony A Block 3rd Cross Street (Ward 23) 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 is an essential reference for property transactions in Madhavaram. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. This helps in maintaining transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value for Ramalinga Colony A Block 3rd Cross Street?

The current guideline value for Ramalinga Colony A Block 3rd Cross Street (Ward 23) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, and then increased to Rs 2,700 per sq.ft in 2024. Overall, there has been an 8% increase from 2012 to 2024.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Ramalinga Colony A Block 3rd Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in this locality?

The registration fee for properties in Ramalinga Colony A Block 3rd Cross Street is charged at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering Ramalinga Colony A Block 3rd Cross Street is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.