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Guideline Value

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Guideline Value for Ramalinga Colony D - Block 4th Cross st ( Ward No.23 )

₹2700/sq.ft.

The guideline value for Ramalinga Colony D - Block 4th 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 4th Cross St ( Ward No.23 )

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Ramalinga Colony D - Block 4th Cross st ( Ward No.23 ) guideline value

The current guideline value for Ramalinga Colony D - Block 4th 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 4th Cross st ( Ward No.23 ) has changed

The guideline value for Ramalinga Colony D - Block 4th Cross st has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase of 8% from the 2023 revision of Rs 2,500 per sq.ft. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from 2017 to 2024 amounts to an increase of 61%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Thus, the revisions only account for the years 2017, 2023, and 2024.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as per the 2024 revision, with a median value of Rs 1,600 per sq.ft. The guideline value for Ramalinga Colony D - Block 4th Cross st is above this median, reflecting its specific characteristics.

Stamp duty and registration fee for property in Ramalinga Colony D - Block 4th 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 cost to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramalinga Colony D - Block 4th Cross st ( Ward No.23 )?

The Sub Registrar Office that covers Ramalinga Colony D - Block 4th Cross st is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madhavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a legally recognized value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Ramalinga Colony D - Block 4th Cross st?

The current guideline value for Ramalinga Colony D - Block 4th 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 from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, which is a total increase of 61%. The most recent change was an 8% increase from Rs 2,500 per sq.ft in 2023.

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

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. The duty is based on the higher of the guideline value or the sale price.

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 the registration of properties in the area.

What is the land classification for Ramalinga Colony D - Block 4th Cross st?

The land classification for Ramalinga Colony D - Block 4th Cross st is Residential Special Type - I, indicating its designated use for residential purposes.