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Guideline Value

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Guideline Value for Vinayagar Koil Street (Vinayagapuram)

₹2200/sq.ft.

The guideline value for Vinayagar Koil Street (vinayagapuram) 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 Street (vinayagapuram)

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Vinayagar Koil Street (Vinayagapuram) guideline value

The current guideline value of Vinayagar Koil Street (Vinayagapuram) is Rs 2,200 per sq.ft, effective from 1 July 2024. 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 Street (Vinayagapuram) has changed

Over the years, the guideline value of Vinayagar Koil Street has seen several revisions. The earliest available figure is from the 2012 revision, which set the value at Rs 2,000 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,200 per sq.ft, representing a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street. The 2024 revision marks a significant update in the guideline value, reflecting changes in the real estate landscape.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing the 2024 figure for Vinayagar Koil Street above this median.

Stamp duty and registration fee for property in Vinayagar Koil Street (Vinayagapuram)

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. Together, the total charges would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayagar Koil Street (Vinayagapuram)?

The Sub Registrar Office that covers Vinayagar Koil Street (Vinayagapuram) 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 an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street (Vinayagapuram)?

The current guideline value of Vinayagar Koil Street (Vinayagapuram) 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 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification of Vinayagar Koil Street?

Vinayagar Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What is the stamp duty for property transactions in Vinayagar Koil Street?

The stamp duty for property transactions in Vinayagar Koil Street is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

Where is the Sub Registrar Office for Vinayagar Koil Street located?

The Sub Registrar Office covering Vinayagar Koil Street is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of property transactions in the area.