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Guideline Value

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Guideline Value for Ramalinga Colony B Block 1st Cross St (Ward-23)

₹2700/sq.ft.

The guideline value for Ramalinga Colony B Block 1st Cross St (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 N/A
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 B Block 1st Cross St (ward-23)

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Ramalinga Colony B Block 1st Cross St (Ward-23) guideline value

The current guideline value of Ramalinga Colony B Block 1st Cross St (Ward-23) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Ramalinga Colony B Block 1st Cross St (Ward-23) has changed

The guideline value for Ramalinga Colony B Block 1st Cross St has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, which increased to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% rise.

Prior to the 2023 revision, there were no recorded figures for the specified street in the previous years. The most recent change reflects a significant adjustment that aligns with the evolving property values in the area.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this region is Rs 1,600 per sq.ft, placing the guideline value of Ramalinga Colony B Block 1st Cross St above this median.

Stamp duty and registration fee for property in Ramalinga Colony B Block 1st Cross St (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 would be Rs 27,00,000. The stamp duty, calculated at 7%, would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, these fees would total 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramalinga Colony B Block 1st Cross St (Ward-23)?

The Sub Registrar Office that covers Ramalinga Colony B Block 1st Cross St (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 is a crucial factor when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the legal requirements during a transaction.

When a property is sold, the guideline value serves as a benchmark to assess the transaction value, ensuring that the property is registered at a fair value as per the government's regulations. This helps in maintaining transparency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Ramalinga Colony B Block 1st Cross St?

The current guideline value of Ramalinga Colony B Block 1st Cross St (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 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this area?

The land classification for Ramalinga Colony B Block 1st Cross St (Ward-23) is Residential Special Type - I. This classification is important for determining the usage of the land.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in the Madhavaram area.