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Guideline value, street

Guideline Value for Vinayagapuram Vinayagar Koil St ( Ward No.29 )

₹2200/sq.ft.effective 1 July 2024

Chennai zone Madhavaram village Madhavaram SRO Residential Class I Type - I

The guideline value for Vinayagapuram Vinayagar Koil St ( 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:

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 ₹2000 /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 Vinayagar Koil St ( Ward No.29 )

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Vinayagapuram Vinayagar Koil st ( Ward No.29 ) guideline value

The current guideline value for Vinayagapuram Vinayagar Koil st ( Ward No.29 ) is Rs 2,200 per sq.ft. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vinayagapuram Vinayagar Koil st ( Ward No.29 ) has changed

The guideline value for this street has undergone revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2012 revision, marking a change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

To summarize the revisions: in 2012, the value was Rs 2,000 per sq.ft, and it has increased to Rs 2,200 per sq.ft in 2024. This reflects the only changes recorded in the guideline value register for Vinayagapuram Vinayagar Koil st ( Ward No.29 ).

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO carrying 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 Vinayagar Koil st ( Ward No.29 ) is above this median.

Stamp duty and registration fee for property in Vinayagapuram Vinayagar Koil st ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vinayagapuram Vinayagar Koil st ( Ward No.29 )?

The Sub Registrar Office that covers Vinayagapuram Vinayagar Koil st ( Ward No.29 ) is the Madhavaram Sub Registrar Office, 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 plays a crucial role during the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring that the correct amounts are paid based on the established values.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Vinayagapuram Vinayagar Koil st ( Ward No.29 )?

The current guideline value for Vinayagapuram Vinayagar Koil st ( Ward No.29 ) 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 increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, representing a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for this street?

Vinayagapuram Vinayagar Koil st ( Ward No.29 ) is classified as Residential Class I Type - I. This classification is important for understanding the type of properties and developments permitted in the area.

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 all registration activities for properties in the Madhavaram area.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value of Rs 22,00,000 for a 1,000 sq.ft plot, the stamp duty would be calculated accordingly.