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Guideline Value

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Guideline Value for Ramalinga Colony C - Block 2nd Cross st ( Ward No.23 )

₹2700/sq.ft.

The guideline value for Ramalinga Colony C - Block 2nd Cross St ( Ward No.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 ₹1675 /sq.ft.
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 C - Block 2nd Cross St ( Ward No.23 )

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Ramalinga Colony C - Block 2nd Cross st ( Ward No.23 ) guideline value

The current guideline value for Ramalinga Colony C - Block 2nd Cross st ( Ward No.23 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Ramalinga Colony C - Block 2nd Cross st ( Ward No.23 ) has changed

The guideline value for this street has seen several revisions over the years. In 2017, the value was Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 61%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. The changes reflect a substantial increase, particularly from 2017 to 2023, where the value rose by 49%.

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 C - Block 2nd Cross st above this median.

Stamp duty and registration fee for property in Ramalinga Colony C - Block 2nd Cross st ( Ward No.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, bringing the total to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramalinga Colony C - Block 2nd Cross st ( Ward No.23 )?

The Sub Registrar Office that covers Ramalinga Colony C - Block 2nd Cross st ( Ward No.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 the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Ramalinga Colony C - Block 2nd Cross st?

The current guideline value for Ramalinga Colony C - Block 2nd Cross st ( Ward No.23 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 61% over this period.

What is the land classification for this street?

Ramalinga Colony C - Block 2nd Cross st is classified as Residential Special Type - I, indicating its suitability for residential development.

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 all registration activities for properties in the area.

How is the stamp duty calculated for properties in Madhavaram?

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