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Guideline Value

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Guideline Value for Ramalinga colony D Block, Ponniammanmedu (Ward-23)

₹2700/sq.ft.

The guideline value for Ramalinga Colony D Block, Ponniammanmedu (ward-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 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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, Ponniammanmedu (ward-23)

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Ramalinga colony D Block, Ponniammanmedu (Ward-23) guideline value

The current guideline value for Ramalinga colony D Block, Ponniammanmedu (Ward-23) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I and falls under the Madhavaram Sub Registrar Office (SRO) in Madhavaram village.

How the guideline value of Ramalinga colony D Block, Ponniammanmedu (Ward-23) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision. 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, there has been an 8% increase in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. The only revisions with recorded figures are from 2012, 2023, and the current 2024 revision.

Guideline values in Madhavaram

The guideline values in Madhavaram vary significantly, with a range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value for the 1,946 streets in Madhavaram is Rs 1,600 per sq.ft, placing the 2024 figure for Ramalinga colony D Block, Ponniammanmedu above this median.

Stamp duty and registration fee for property in Ramalinga colony D Block, Ponniammanmedu (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, totaling 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, Ponniammanmedu (Ward-23)?

The Ramalinga colony D Block, Ponniammanmedu (Ward-23) is covered by 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 plays a crucial role in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable charges. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the agreed sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Ramalinga colony D Block, Ponniammanmedu?

The current guideline value for Ramalinga colony D Block, Ponniammanmedu (Ward-23) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 2,500 per sq.ft until the 2024 revision, which increased it to Rs 2,700 per sq.ft. This represents an overall increase of 8% from 2012 to 2024.

What is the registration office for Ramalinga colony D Block?

The registration office for Ramalinga colony D Block, Ponniammanmedu (Ward-23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for properties 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. These fees are based on the higher of the guideline value or the sale price.

How do the guideline values in Madhavaram compare?

The guideline values 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 for Ramalinga colony D Block, Ponniammanmedu is above this median, at Rs 2,700 per sq.ft.