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Guideline Value

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Guideline Value for Ramalinga Colony A Block Main Road (Ward 23)

₹2700/sq.ft.

The guideline value for Ramalinga Colony A Block Main Road (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 Main Road (ward 23)

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Ramalinga Colony A Block Main Road (Ward 23) guideline value

The current guideline value of Ramalinga Colony A Block Main Road (Ward 23) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Ramalinga Colony A Block Main Road (Ward 23) has changed

The guideline value for Ramalinga Colony A Block Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and then increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 8%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. The last recorded figures prior to the 2024 revision were consistent at Rs 2,500 per sq.ft from 2012 to 2023.

Guideline values in Madhavaram

In Madhavaram, a total of 1,946 streets are registered under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of the 2024 revision. The median guideline value across these streets is Rs 1,600 per sq.ft, indicating that Ramalinga Colony A Block Main Road's 2024 value is above this median.

Stamp duty and registration fee for property in Ramalinga Colony A Block Main Road (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, calculated at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramalinga Colony A Block Main Road (Ward 23)?

The Sub Registrar Office that covers Ramalinga Colony A Block Main Road (Ward 23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the guideline value to ensure compliance with local regulations. This value is regularly updated to reflect changes in the real estate market, ensuring that transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Ramalinga Colony A Block Main Road (Ward 23)?

The current guideline value of Ramalinga Colony A Block Main Road (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 has 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, representing an overall increase of 8% from 2012 to 2024.

What is the land classification for Ramalinga Colony A Block Main Road?

The land classification for Ramalinga Colony A Block Main Road is Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 27,00,000. The stamp duty is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for properties in Madhavaram?

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