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Guideline Value

Corporate

Guideline Value for Sri Raman Nagar 1st Street

₹2200/sq.ft.

The guideline value for Sri Raman Nagar 1st Street in Selavoyal village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Selavoyal

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Sri Raman Nagar 1st Street

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Sri Raman Nagar 1st Street guideline value

The current guideline value of Sri Raman Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Raman Nagar 1st Street has changed

The guideline value for Sri Raman Nagar 1st Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and it has now risen to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 22%. The changes between the revisions show a 49% increase from 2017 to 2023, while the value decreased by 26% from 2012 to 2017. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selavoyal

In Selavoyal village, there are 170 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Sri Raman Nagar 1st Street.

Stamp duty and registration fee for property in Sri Raman Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is essential to note that the 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 further assistance.

Which Sub Registrar Office covers Sri Raman Nagar 1st Street?

The Madhavaram Sub Registrar Office covers Sri Raman Nagar 1st Street, 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 Selavoyal

The guideline value plays a crucial role during property transactions in Selavoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid. This ensures that the transaction is recorded accurately and legally.

It is important for buyers and sellers to be aware of the current guideline value, as it directly affects the costs involved in the registration process. This value is periodically revised to reflect changes in the real estate market, ensuring that it remains relevant and up-to-date.

Frequently asked questions

What is the current guideline value of Sri Raman Nagar 1st Street?

The current guideline value of Sri Raman Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and is now Rs 2,200 per sq.ft in 2024.

What are the other streets in Selavoyal with the same guideline value?

Other streets in Selavoyal with the same guideline value of Rs 2,200 per sq.ft include Sri Raman Nagar 2nd Street, Sri Ram Nagar, Sri Periyapalayathamman Nagar, Sri Ram Nagar Cross Street, Sri Ram Nagar Extension, and Sri Sakthi Nagar.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Sri Raman Nagar 1st Street?

Stamp duty for properties in Sri Raman Nagar 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. There is also a registration fee of 2% applicable on the same amount.