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Guideline Value

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

₹2700/sq.ft.

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

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

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

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

In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft. The recent 2024 revision has increased this value to Rs 2,700 per sq.ft, marking an increase of 8%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

This change reflects the adjustments made in the guideline value register, which is updated periodically to reflect the current market conditions. The increase from 2023 to 2024 indicates a shift in the valuation for properties in this locality.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Ramalinga Colony B Block Main Road (Ward 23) is above this median, indicating its positioning within the local market.

Stamp duty and registration fee for property in Ramalinga Colony B 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 would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Ramalinga Colony B 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 is an essential factor during property registration in Madhavaram. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory when transferring property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation of the property. This helps maintain transparency and legality in property transactions.

Frequently asked questions

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

The current guideline value of Ramalinga Colony B 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 increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, representing an 8% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

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

Ramalinga Colony B Block Main Road is classified as Residential Special Type - I. This classification can influence the guideline value and property usage.

Where can I find the Madhavaram Sub Registrar Office?

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

How is stamp duty calculated for properties in Madhavaram?

Stamp duty for properties in Madhavaram is calculated based on the guideline value or the sale price, whichever is higher. For example, the stamp duty on a property valued at Rs 27,00,000 would be Rs 1,89,000 at the current rate of 7%.