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Guideline Value

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Guideline Value for Vasudevan Thottam Ist Street (Ward-21)

₹1600/sq.ft.

The guideline value for Vasudevan Thottam Ist Street (ward-21) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
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 Vasudevan Thottam Ist Street (ward-21)

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Vasudevan Thottam Ist Street (Ward-21) guideline value

The current guideline value of Vasudevan Thottam Ist Street (Ward-21) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Vasudevan Thottam Ist Street (Ward-21) has changed

The guideline value for Vasudevan Thottam Ist Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 raised it further to Rs 1,600 per sq.ft, marking a 7% increase from the previous year. Notably, the overall increase from 2017 to 2024 is 59%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The substantial jump of 49% from 2017 to 2023 indicates a significant shift in the guideline value during that period.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which aligns with the current figure for Vasudevan Thottam Ist Street.

Stamp duty and registration fee for property in Vasudevan Thottam Ist Street (Ward-21)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,00,000. The stamp duty at 7% amounts to Rs 1,12,000, and the registration fee at 2% is Rs 32,000. Together, the total fee is Rs 1,44,000. 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 accurate estimates.

Which Sub Registrar Office covers Vasudevan Thottam Ist Street (Ward-21)?

The Sub Registrar Office covering Vasudevan Thottam Ist Street (Ward-21) 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 process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value is considered to ensure that the transaction reflects the correct value of the property. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Vasudevan Thottam Ist Street (Ward-21)?

The current guideline value for Vasudevan Thottam Ist Street (Ward-21) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024, marking an overall increase of 59%.

What is the stamp duty for property in Vasudevan Thottam Ist Street (Ward-21)?

The stamp duty for property in Vasudevan Thottam Ist Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Vasudevan Thottam Ist Street (Ward-21)?

The Madhavaram Sub Registrar Office handles registrations for Vasudevan Thottam Ist Street (Ward-21), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Are there other streets in Madhavaram with the same guideline value?

Yes, several other streets in Madhavaram also have a guideline value of Rs 1,600 per sq.ft, including Vasudevan Thottam 3rd Street and Vasudevan Thottam 2nd Street.