Guideline Value

Corporate

Guideline Value for Vedhantha Murugappan 4th Street

₹2200/sq.ft.

The guideline value for Vedhantha Murugappan 4th Street in Selavoyal 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Selavoyal

Village

Madhavaram

SRO

Residential Class II 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 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Vedhantha Murugappan 4th Street

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Vedhantha Murugappan 4th Street guideline value

The current guideline value of Vedhantha Murugappan 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Vedhantha Murugappan 4th Street has changed

The guideline value for Vedhantha Murugappan 4th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,200 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 11%. However, from 2017 to 2023, there was a notable increase of 49%. The change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 47% from 2012 to 2024.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft, with the median value being Rs 2,200 per sq.ft. Vedhantha Murugappan 4th Street's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Vedhantha Murugappan 4th Street

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, making the total fees together 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedhantha Murugappan 4th Street?

The Vedhantha Murugappan 4th Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Selavoyal

The guideline value is a crucial factor when registering property transactions in Selavoyal. It determines the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the stamp duty and registration fees based on the higher of the guideline value or the actual sale price. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vedhantha Murugappan 4th Street?

The current guideline value of Vedhantha Murugappan 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

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

Other streets in Selavoyal that share the same guideline value of Rs 2,200 per sq.ft include Vedhantha Murugappan 1st Street, 2nd Street, 3rd Street, Salai 1st Lane, Salai 2nd Lane, and Salai (Othavadai Street).

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Vedhantha Murugappan 4th Street?

The Madhavaram Sub Registrar Office handles registrations for Vedhantha Murugappan 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.