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Guideline Value

Corporate

Guideline Value for Sri Raman Salai 4th Street (Ward 21)

₹1300/sq.ft.

The guideline value for Sri Raman Salai 4th Street (ward 21) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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 Salai 4th Street (ward 21)

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Sri Raman Salai 4th Street (Ward 21) guideline value

The current guideline value of Sri Raman Salai 4th Street (Ward 21) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Raman Salai 4th Street (Ward 21) has changed

The guideline value for Sri Raman Salai 4th Street has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 1,200 per sq.ft. This figure remained unchanged until the 2023 revision, which also maintained the value at Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, the guideline values range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024, with a median value of Rs 1,600 per sq.ft. The guideline value of Sri Raman Salai 4th Street is below this median.

Stamp duty and registration fee for property in Sri Raman Salai 4th Street (Ward 21)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 details.

Which Sub Registrar Office covers Sri Raman Salai 4th Street (Ward 21)?

The Sub Registrar Office that covers Sri Raman Salai 4th Street 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 critical factor in property transactions in Madhavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of ownership.

Both buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process. It serves as a reference point for the valuation of properties in the region.

Frequently asked questions

What is the current guideline value of Sri Raman Salai 4th Street (Ward 21)?

The current guideline value of Sri Raman Salai 4th Street (Ward 21) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street was Rs 1,200 per sq.ft in 2012 and remained the same until 2023. In 2024, it increased to Rs 1,300 per sq.ft, an 8% increase from the previous year.

What is the land classification for Sri Raman Salai 4th Street?

Sri Raman Salai 4th Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What is the stamp duty on property transactions in Sri Raman Salai 4th Street?

The stamp duty for property transactions in Sri Raman Salai 4th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Sri Raman Salai 4th Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.