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Guideline Value

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Guideline Value for V.R.D. Nagar 5th Cross Street (Ward 14)

₹2200/sq.ft.

The guideline value for V.r.d. Nagar 5th Cross Street (ward 14) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /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 ₹2000 /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 V.r.d. Nagar 5th Cross Street (ward 14)

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V.R.D. Nagar 5th Cross Street (Ward 14) guideline value

The current guideline value of V.R.D. Nagar 5th Cross Street (Ward 14) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of V.R.D. Nagar 5th Cross Street (Ward 14) has changed

The guideline value for V.R.D. Nagar 5th Cross Street was last revised in 2024, where it increased to Rs 2,200 per sq.ft from Rs 2,000 per sq.ft in the 2012 revision. This represents a change of +10% over the 12-year period between these revisions.

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

Guideline values in Madhavaram

In Madhavaram, the guideline values for 2024 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 V.R.D. Nagar 5th Cross Street is above this median, indicating a relatively higher value compared to many other streets in the area.

Stamp duty and registration fee for property in V.R.D. Nagar 5th Cross Street (Ward 14)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 specific calculations.

Which Sub Registrar Office covers V.R.D. Nagar 5th Cross Street (Ward 14)?

The Sub Registrar Office that covers V.R.D. Nagar 5th Cross Street (Ward 14) 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 plays a crucial role during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded at a value that reflects the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction process. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for V.R.D. Nagar 5th Cross Street (Ward 14)?

The current guideline value for V.R.D. Nagar 5th Cross Street (Ward 14) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the revisions in the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for V.R.D. Nagar 5th Cross Street?

V.R.D. Nagar 5th Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the registration fees associated with property transactions?

Registration fees are calculated based on the guideline value of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.

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

The Sub Registrar Office for V.R.D. Nagar 5th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.