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Guideline Value

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Guideline Value for Vinobaji St, Ponniammanmedu (Ward-22)

₹1600/sq.ft.

The guideline value for Vinobaji St, Ponniammanmedu (ward-22) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
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 Vinobaji St, Ponniammanmedu (ward-22)

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Vinobaji St, Ponniammanmedu (Ward-22) guideline value

The current guideline value of Vinobaji St, Ponniammanmedu (Ward-22) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vinobaji St, Ponniammanmedu (Ward-22) has changed

The guideline value for Vinobaji St has undergone several revisions over the years. The earliest recorded value was Rs 1,200 per sq.ft in the 2012 revision. This figure increased by 25% to Rs 1,500 per sq.ft in the 2023 revision. The current value of Rs 1,600 per sq.ft, effective from 1 July 2024, reflects a 7% increase from the previous year.

It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2017. Overall, the guideline value has increased by 33% from Rs 1,200 per sq.ft in 2012 to the current rate in 2024.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which matches the current value of Vinobaji St, Ponniammanmedu.

Stamp duty and registration fee for property in Vinobaji St, Ponniammanmedu (Ward-22)

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, leading to a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vinobaji St, Ponniammanmedu (Ward-22)?

The Sub Registrar Office that covers Vinobaji St, Ponniammanmedu (Ward-22) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical factor during property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction process. This ensures that both parties are aware of the financial obligations involved in the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Vinobaji St, Ponniammanmedu?

The current guideline value of Vinobaji St, Ponniammanmedu (Ward-22) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2023, and now to Rs 1,600 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2017.

What is the land classification of Vinobaji St?

Vinobaji St is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,44,000, which includes Rs 1,12,000 for stamp duty and Rs 32,000 for registration fees.

Which office handles property registrations for Vinobaji St?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles property registrations for Vinobaji St, Ponniammanmedu (Ward-22).