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Guideline Value

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Guideline Value for Ramalinga Colony C - Block 3rd Cross st ( Ward No.23 )

₹2700/sq.ft.

The guideline value for Ramalinga Colony C - Block 3rd 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 3rd Cross St ( Ward No.23 )

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Ramalinga Colony C - Block 3rd Cross st ( Ward No.23 ) guideline value

The current guideline value of Ramalinga Colony C - Block 3rd Cross st ( Ward No.23 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This property 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 3rd Cross st ( Ward No.23 ) has changed

Over the years, the guideline value for Ramalinga Colony C - Block 3rd Cross st has seen several revisions. The 2017 revision set the value at Rs 1,675 per sq.ft. In the following years, the 2023 revision increased this to Rs 2,500 per sq.ft, marking a significant change of 49% from 2017 to 2023. The latest revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, which is an 8% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this specific street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging 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 of Rs 2,700 per sq.ft for Ramalinga Colony C - Block 3rd Cross st is above this median.

Stamp duty and registration fee for property in Ramalinga Colony C - Block 3rd 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramalinga Colony C - Block 3rd Cross st ( Ward No.23 )?

The Sub Registrar Office covering Ramalinga Colony C - Block 3rd Cross st ( Ward No.23 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at a recognized value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory payments during the transfer of property ownership. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ramalinga Colony C - Block 3rd Cross st?

The current guideline value of Ramalinga Colony C - Block 3rd Cross st ( Ward No.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 increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 61% over this period.

What is the land classification for this area?

The land classification for Ramalinga Colony C - Block 3rd Cross st is Residential Special Type - I, indicating its designated use for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

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 is responsible for property registrations in the area.