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Guideline Value

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Guideline Value for V.R.D. Nagar 5th Street ( Ward No.14 )

₹2200/sq.ft.

The guideline value for V.r.d. Nagar 5th Street ( Ward No.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 Street ( Ward No.14 )

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V.R.D. Nagar 5th Street ( Ward No.14 ) guideline value

The current guideline value of V.R.D. Nagar 5th Street ( Ward No.14 ) is Rs 2,200 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 Residential Class I Type - I.

How the guideline value of V.R.D. Nagar 5th Street ( Ward No.14 ) has changed

The guideline value for V.R.D. Nagar 5th Street ( Ward No.14 ) has seen revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. Following this, the 2024 revision increased the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous figure.

It is important to note that the register has no figure for this street for the years 2023, 2017, 2007, 2003, and 2002. Therefore, the only revisions available are from 2012 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging 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 Street ( Ward No.14 ) is above this median.

Stamp duty and registration fee for property in V.R.D. Nagar 5th Street ( Ward No.14 )

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 to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.R.D. Nagar 5th Street ( Ward No.14 )?

The Sub Registrar Office that covers V.R.D. Nagar 5th Street ( Ward No.14 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when buying or selling property in Madhavaram. It serves as a benchmark for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the guideline value to ensure accurate financial planning for their transactions.

When a property is registered, the guideline value is used to determine the applicable charges. This ensures that the registration process is transparent and that all parties involved are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of V.R.D. Nagar 5th Street?

The current guideline value of V.R.D. Nagar 5th Street ( Ward No.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 for V.R.D. Nagar 5th Street increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, which is a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

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

The land classification for V.R.D. Nagar 5th Street ( Ward No.14 ) is Residential Class I Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for a property in V.R.D. Nagar 5th Street?

The stamp duty for a property valued at Rs 22,00,000 would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for V.R.D. Nagar 5th Street located?

The Sub Registrar Office for V.R.D. Nagar 5th Street is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.