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Guideline Value

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Guideline Value for Vinayagapuram BurialGround Rd ( Ward No.29 )

₹2200/sq.ft.

The guideline value for Vinayagapuram Burialground Rd ( Ward No.29 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. 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 N/A
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 Vinayagapuram Burialground Rd ( Ward No.29 )

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Vinayagapuram BurialGround Rd ( Ward No.29 ) guideline value

The current guideline value of Vinayagapuram BurialGround Rd ( Ward No.29 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vinayagapuram BurialGround Rd ( Ward No.29 ) has changed

The guideline value for Vinayagapuram BurialGround Rd has seen significant changes over the years. In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. The most recent revision in 2024 has increased this to Rs 2,200 per sq.ft, marking an increase of 83% from the 2012 figure.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. This indicates that the only revisions recorded for this street are from 2012 and 2024.

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, with a median value of Rs 1,600 per sq.ft. The guideline value of Vinayagapuram BurialGround Rd is above this median.

Stamp duty and registration fee for property in Vinayagapuram BurialGround Rd ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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 Vinayagapuram BurialGround Rd ( Ward No.29 )?

The Sub Registrar Office covering Vinayagapuram BurialGround Rd 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 when registering a property in Madhavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value in accordance with government regulations.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Vinayagapuram BurialGround Rd?

The current guideline value of Vinayagapuram BurialGround Rd ( Ward No.29 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since the 2012 revision, the guideline value has increased from Rs 1,200 per sq.ft to Rs 2,200 per sq.ft in 2024, which is an increase of 83%.

Are there any years where the guideline value is not available for this street?

Yes, there are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for Vinayagapuram BurialGround Rd.

What is the classification of land for Vinayagapuram BurialGround Rd?

Vinayagapuram BurialGround Rd is classified as Residential Class I Type - I, which indicates its intended use for residential purposes.

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 property registrations for the area.