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Guideline Value

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Guideline Value for Ramalinga Colony D - Block Main Road ( Ward No.23 )

₹2700/sq.ft.

The guideline value for Ramalinga Colony D - Block Main Road ( 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 Main Road ( Ward No.23 )

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Ramalinga Colony D - Block Main Road ( Ward No.23 ) guideline value

The current guideline value for Ramalinga Colony D - Block Main Road ( Ward No.23 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Ramalinga Colony D - Block Main Road ( Ward No.23 ) has changed

Over the years, the guideline value for Ramalinga Colony D - Block Main Road ( Ward No.23 ) has seen significant changes. The 2017 revision set the value at Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 2,700 per sq.ft, representing an 8% increase from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%. This reflects the changes in property values over the years within this locality.

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. The median guideline value in the area is Rs 1,600 per sq.ft, making the current value of Rs 2,700 per sq.ft for Ramalinga Colony D - Block Main Road ( Ward No.23 ) above the median.

Stamp duty and registration fee for property in Ramalinga Colony D - Block Main Road ( 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 fees together 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramalinga Colony D - Block Main Road ( Ward No.23 )?

The Sub Registrar Office that covers Ramalinga Colony D - Block Main Road ( Ward No.23 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property transaction occurs, the buyer and seller must adhere to the guideline value set for the area. This ensures transparency and helps in maintaining a standardized approach to property transactions within the locality.

Frequently asked questions

What is the current guideline value for Ramalinga Colony D - Block Main Road ( Ward No.23 )?

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

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 61%, rising from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft.

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.

Which Sub Registrar Office is responsible for this area?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, is responsible for the registration of properties in Ramalinga Colony D - Block Main Road ( Ward No.23 ).

What is the land classification for Ramalinga Colony D - Block Main Road ( Ward No.23 )?

The land classification for Ramalinga Colony D - Block Main Road ( Ward No.23 ) is Residential Special Type - I.