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Guideline Value

Corporate

Guideline Value for Red Hills Road (Vinayagapuram)

₹3300/sq.ft.

The guideline value for Red Hills Road (vinayagapuram) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /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 Red Hills Road (vinayagapuram)

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Red Hills Road (Vinayagapuram) guideline value

The current guideline value of Red Hills Road (Vinayagapuram) is Rs 3,300 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 Commercial Class I Type - I.

How the guideline value of Red Hills Road (Vinayagapuram) has changed

In the 2012 revision, the guideline value for Red Hills Road (Vinayagapuram) was Rs 3,000 per sq.ft. This figure increased to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10% over the 12-year period. The register has no figures for the years 2003, 2007, 2017, and 2023.

Thus, the only revisions that provide figures for this street are from 2012 and 2024. The increase from Rs 3,000 to Rs 3,300 indicates a significant adjustment in the guideline value over the years.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, placing the guideline value of Red Hills Road (Vinayagapuram) above this median.

Stamp duty and registration fee for property in Red Hills Road (Vinayagapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total charges Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Red Hills Road (Vinayagapuram)?

The Sub Registrar Office that covers Red Hills Road (Vinayagapuram) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Red Hills Road (Vinayagapuram)?

The current guideline value of Red Hills Road (Vinayagapuram) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the land classification for Red Hills Road (Vinayagapuram)?

The land classification for Red Hills Road (Vinayagapuram) is Commercial Class I Type - I. This classification impacts the guideline value and potential uses of the property.

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

For a property with a guideline value of Rs 3,300 per sq.ft, the stamp duty is calculated at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 2,97,000.

Where is the Sub Registrar Office for Red Hills Road (Vinayagapuram)?

The Sub Registrar Office for Red Hills Road (Vinayagapuram) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in this area.