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Guideline Value

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

₹2700/sq.ft.

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

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

The current guideline value of Ramalinga Colony D - Block 3rd Cross st ( Ward No.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 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ramalinga Colony D - Block 3rd Cross st ( Ward No.23 ) has changed

Over the years, the guideline value of Ramalinga Colony D - Block 3rd Cross st has seen significant changes. The 2017 revision recorded a guideline value of Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

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

Guideline values in Madhavaram

In Madhavaram, the guideline values for 2024 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 D - Block 3rd Cross st is above this median, indicating its relative position within the village.

Stamp duty and registration fee for property in Ramalinga Colony D - 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 would be 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 more information on calculating the stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Ramalinga Colony D - Block 3rd 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 minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the expected value of the property. It is crucial to consider this value when negotiating the sale price, as the registration process will be based on either the guideline value or the agreed sale price, whichever is higher.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

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

What is the land classification for this street?

The land classification for Ramalinga Colony D - Block 3rd Cross st is Residential Special Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees based on the guideline value?

For a property with a guideline value of Rs 2,700 per sq.ft, the stamp duty is calculated at 7%, and the registration fee at 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,43,000.