Guideline Value for Ramalinga Colony D Block 2nd Street (Ward 23)

Ramalinga Colony D Block 2nd Street (Ward 23) guideline value

The current guideline value of Ramalinga Colony D Block 2nd Street (Ward 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 the land classification is Residential Special Type - I.

How the guideline value of Ramalinga Colony D Block 2nd Street (Ward 23) has changed

The guideline value for Ramalinga Colony D Block 2nd Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged until the next revision in 2023, where it again stood at Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not have figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values 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 D Block 2nd Street's 2024 figure above the median.

• Ramalinga Colony D - Block 2nd Cross st (Ward No.23): Rs 2,700 per sq.ft (2024)
• Ramalinga Colony D - Block 3rd Cross st (Ward No.23): Rs 2,700 per sq.ft (2024)
• Ramalinga Colony D Block 1st Street (Ward 23): Rs 2,700 per sq.ft (2024)
• Ramalinga Colony D Block 3rd Street (Ward 23): Rs 2,700 per sq.ft (2024)
• Ramalinga Colony D - Block 1st Cross st (Ward No.23): Rs 2,700 per sq.ft (2024)
• Ramalinga Colony D - Block 4th Cross st (Ward No.23): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalinga Colony D Block 2nd Street (Ward 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 for these fees 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramalinga Colony D Block 2nd Street (Ward 23)?

The Sub Registrar Office that covers Ramalinga Colony D Block 2nd Street (Ward 23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Madhavaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Ramalinga Colony D Block 2nd Street (Ward 23)?

The current guideline value of Ramalinga Colony D Block 2nd Street (Ward 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,700 per sq.ft in 2024. This represents an 8% increase from 2023 to 2024 and an overall increase of 8% from 2012 to 2024.

What is the land classification for this street?

The land classification for Ramalinga Colony D Block 2nd Street (Ward 23) is Residential Special Type - I, indicating its suitability for residential purposes.

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 the registration of properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. The total fees are based on the higher of the guideline value or the sale price of the property.