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Guideline Value

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Guideline Value for Vajravel Nagar 3rd St ( Ward No.24 )

₹2200/sq.ft.

The guideline value for Vajravel Nagar 3rd St ( Ward No.24 ) in Madhavaram 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 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 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Vajravel Nagar 3rd St ( Ward No.24 )

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Vajravel Nagar 3rd St ( Ward No.24 ) guideline value

The current guideline value of Vajravel Nagar 3rd St ( Ward No.24 ) 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 Vajravel Nagar 3rd St ( Ward No.24 ) has changed

The guideline value for Vajravel Nagar 3rd St ( Ward No.24 ) has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +10%.

In summary, the 2024 revision reflects an increase from the previous year's figure of Rs 2,000 per sq.ft to Rs 2,200 per sq.ft. This places the current guideline value above the median of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO, which have a 2024 figure ranging from Rs 1,300 to Rs 7,500 per sq.ft.

Guideline values in Madhavaram

The guideline values in Madhavaram for 2024 show a wide range, with figures from Rs 1,300 to Rs 7,500 per sq.ft. Vajravel Nagar 3rd St ( Ward No.24 ) has a guideline value that is above the median of Rs 1,600 per sq.ft. Below are the guideline values for other streets in Madhavaram:

Stamp duty and registration fee for property in Vajravel Nagar 3rd St ( Ward No.24 )

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vajravel Nagar 3rd St ( Ward No.24 )?

The Sub Registrar Office that covers Vajravel Nagar 3rd St ( Ward No.24 ) 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 in the registration process when buying or selling property in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vajravel Nagar 3rd St ( Ward No.24 )?

The current guideline value of Vajravel Nagar 3rd St ( Ward No.24 ) 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 Vajravel Nagar 3rd St ( Ward No.24 ) was Rs 2,000 per sq.ft in 2023, which increased to Rs 2,200 per sq.ft in 2024, representing a change of +10%.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with Vajravel Nagar 3rd St ( Ward No.24 ) being Rs 2,200 per sq.ft. Other streets have the same guideline value for 2024 as well.

What are the stamp duty and registration fees for property in Vajravel Nagar 3rd St ( Ward No.24 )?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000, based on the guideline value of Rs 22,00,000.

Which office handles the registration for Vajravel Nagar 3rd St ( Ward No.24 )?

The Madhavaram Sub Registrar Office handles the registration for Vajravel Nagar 3rd St ( Ward No.24 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.