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Guideline Value

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Guideline Value for V.R.D. Nagar 6th Street ( Ward No.14 )

₹2200/sq.ft.

The guideline value for V.r.d. Nagar 6th 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 6th Street ( Ward No.14 )

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V.R.D. Nagar 6th Street ( Ward No.14 ) guideline value

The current guideline value of V.R.D. Nagar 6th Street ( Ward No.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 6th Street ( Ward No.14 ) has changed

The guideline value for V.R.D. Nagar 6th Street has undergone several revisions over the years. The first recorded revision was in 2012, where the guideline value was set at Rs 2,000 per sq.ft. This was subsequently increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the 2012 figure.

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

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a guideline value range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median value for these streets is Rs 1,600 per sq.ft, positioning V.R.D. Nagar 6th Street above this median.

Stamp duty and registration fee for property in V.R.D. Nagar 6th 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 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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.R.D. Nagar 6th Street ( Ward No.14 )?

The Sub Registrar Office that covers V.R.D. Nagar 6th Street ( Ward No.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

When buying or selling property in Madhavaram, the guideline value is an essential reference for determining the appropriate registration fees and stamp duty. It serves as a benchmark to ensure that the transaction value is in line with the government’s valuation.

At the time of registration, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of V.R.D. Nagar 6th Street?

The current guideline value of V.R.D. Nagar 6th Street ( Ward No.14 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much 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 years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification of V.R.D. Nagar 6th Street?

V.R.D. Nagar 6th Street is classified as Residential Class I Type - I. This classification is important for determining the appropriate uses and regulations for properties in the area.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with the range for 2024 being from Rs 1,300 to Rs 7,500 per sq.ft. V.R.D. Nagar 6th Street is above the median value of Rs 1,600 per sq.ft.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. It is the designated office for property registrations in this area.