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Guideline Value

Corporate

Guideline Value for Vasudevan Thottam, Ponniammanmedu (Ward-21)

₹1600/sq.ft.

The guideline value for Vasudevan Thottam, Ponniammanmedu (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, Ponniammanmedu (ward-21)

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Vasudevan Thottam, Ponniammanmedu (Ward-21) guideline value

The current guideline value of Vasudevan Thottam, Ponniammanmedu (Ward-21) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and is classified as Residential Class II Type - I within the Madhavaram SRO.

How the guideline value of Vasudevan Thottam, Ponniammanmedu (Ward-21) has changed

Over the years, the guideline value for Vasudevan Thottam has seen several revisions. In 2017, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in 2023, marking a significant rise of 49% over six years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 59%. It is noteworthy that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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. The median guideline value is Rs 1,600 per sq.ft, placing Vasudevan Thottam's 2024 figure at the median level.

Stamp duty and registration fee for property in Vasudevan Thottam, Ponniammanmedu (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that 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 Vasudevan Thottam, Ponniammanmedu (Ward-21)?

The Madhavaram Sub Registrar Office covers Vasudevan Thottam, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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 a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the agreed sale price. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Vasudevan Thottam, Ponniammanmedu (Ward-21)?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, representing an overall increase of 59% across these years.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram that share the same guideline value of Rs 1,600 per sq.ft in 2024 include Vasudevan Thottam Ist Street, Vasudevan Thottam 3rd Street, Vasudevan Thottam 3rd Cross Street, Vasudevan Thottam 2nd Street, and Vasudevan Thottam 2nd Cross Street.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Vasudevan Thottam?

The stamp duty for properties in Vasudevan Thottam is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.