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Guideline Value

Corporate

Guideline Value for Vinayagar Koil St (Ward-29)

₹2200/sq.ft.

The guideline value for Vinayagar Koil St (ward-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 ₹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 Vinayagar Koil St (ward-29)

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Vinayagar Koil St (Ward-29) guideline value

The current guideline value of Vinayagar Koil St (Ward-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 Vinayagar Koil St (Ward-29) has changed

The guideline value for Vinayagar Koil St (Ward-29) has seen several revisions over the years. The earliest revision listed is from 2012, where the guideline value was Rs 2,000 per sq.ft. The most recent revision, effective from 1 July 2024, increased this value to Rs 2,200 per sq.ft, reflecting a change of +10% from the 2012 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. The current value of Rs 2,200 per sq.ft is above the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO.

Guideline values in Madhavaram

In Madhavaram, the guideline values for 2024 range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Vinayagar Koil St (Ward-29) has a guideline value that is higher than this median.

Stamp duty and registration fee for property in Vinayagar Koil St (Ward-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, while the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayagar Koil St (Ward-29)?

The Sub Registrar Office that covers Vinayagar Koil St (Ward-29) 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 property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate fees are calculated based on the value of the property being transferred. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vinayagar Koil St (Ward-29)?

The current guideline value of Vinayagar Koil St (Ward-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 increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a +10% change. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Vinayagar Koil St (Ward-29)?

Vinayagar Koil St (Ward-29) is classified as Residential Class I Type - I. This classification indicates the intended use of the land for residential purposes.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 22,00,000 would incur a total of Rs 1,98,000 in fees.

Where is the Sub Registrar Office located for Vinayagar Koil St (Ward-29)?

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