Guideline Value for Ramalinga Colony D Block 4th Street (Ward 23)

Ramalinga Colony D Block 4th Street (Ward 23) guideline value

The current guideline value of Ramalinga Colony D Block 4th 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, with a land classification of Residential Special Type - I.

How the guideline value of Ramalinga Colony D Block 4th Street (Ward 23) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,700 per sq.ft, marking an increase of 8% over the 12-year period. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Ramalinga Colony D Block 4th Street (Ward 23) are from 2012 and 2024, showing a clear upward adjustment in the guideline value.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram 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 of Rs 2,700 per sq.ft for Ramalinga Colony D Block 4th Street (Ward 23) is above this median.

• Ramalinga Colony D - Block 4th Cross st (Ward No.23): Rs 2,700 per sq.ft (2024)
• Ramalinga Colony D - Block Main Road (Ward No.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, Ponniammanmedu (Ward-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, Ponniammanmedu (Ward-23): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalinga Colony D Block 4th Street (Ward 23)

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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 to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramalinga Colony D Block 4th Street (Ward 23)?

The Sub Registrar Office that covers Ramalinga Colony D Block 4th 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 is an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are crucial for the legal transfer of property ownership. Buyers should be aware of the guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Ramalinga Colony D Block 4th Street (Ward 23)?

The current guideline value of Ramalinga Colony D Block 4th Street (Ward 23) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2012 to 2024?

The guideline value increased by 8% from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024.

Are there any years without guideline values for this street?

Yes, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for Ramalinga Colony D Block 4th Street (Ward 23).

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 at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for properties in Madhavaram?

The Madhavaram Sub Registrar Office handles registrations for properties in Madhavaram, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.