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Guideline Value

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Guideline Value for Vasantha Colony (Ponniamman Medu)

₹1300/sq.ft.

The guideline value for Vasantha Colony (ponniamman Medu) 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 Vasantha Colony (ponniamman Medu)

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Vasantha Colony (Ponniamman Medu) guideline value

The current guideline value of Vasantha Colony (Ponniamman Medu) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vasantha Colony (Ponniamman Medu) has changed

The guideline value for Vasantha Colony (Ponniamman Medu) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, the guideline value remained unchanged at Rs 1,200 per sq.ft from the 2012 revision until 2023. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

From the 2012 revision to the 2024 revision, the overall increase in the guideline value is 8%. Specifically, the change from 2023 to 2024 reflects an increase of 8% as well. The 2024 figure of Rs 1,300 per sq.ft is below the median guideline value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO.

Guideline values in Madhavaram

In Madhavaram, the guideline values for various streets range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Vasantha Colony (Ponniamman Medu) is positioned below this median. Here are the guideline values for other streets in Madhavaram:

Stamp duty and registration fee for property in Vasantha Colony (Ponniamman Medu)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty, calculated at 7%, would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasantha Colony (Ponniamman Medu)?

The Sub Registrar Office that covers Vasantha Colony (Ponniamman Medu) 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 crucial factor in the registration process when buying or selling property in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the transaction reflects a fair value, in accordance with the prevailing rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vasantha Colony (Ponniamman Medu)?

The current guideline value of Vasantha Colony (Ponniamman Medu) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. There was no change from 2012 to 2023, and the overall increase from 2012 to 2024 is 8%.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Vasantha Colony (Ponniamman Medu) is below this median value.

What are the stamp duty and registration fees for property in Vasantha Colony?

For a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft, the total guideline value is Rs 13,00,000. The stamp duty is Rs 91,000 and the registration fee is Rs 26,000, totaling Rs 1,17,000.

Which office do I need to visit for registration in Vasantha Colony?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, is the office you need to visit for registration in Vasantha Colony (Ponniamman Medu).