Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for West Mada Veedhi Main Road

₹3050/sq.ft.

The guideline value for West Mada Veedhi Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3050 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3050 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹400 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹365 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 West Mada Veedhi Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

West Mada Veedhi Main Road guideline value

The current guideline value of West Mada Veedhi Main Road is Rs 3,050 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of West Mada Veedhi Main Road has changed

The guideline value for West Mada Veedhi Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 365 per sq.ft. This increased to Rs 400 per sq.ft in 2003, followed by a rise to Rs 500 per sq.ft in 2007. The value then experienced a significant jump to Rs 2,750 per sq.ft in 2012, but dropped to Rs 1,842 per sq.ft in 2017. The 2023 revision set the value at Rs 2,750 per sq.ft, which was then increased to the current value of Rs 3,050 per sq.ft in 2024.

The changes between the revisions reflect a varied trend. From 2002 to 2024, the overall increase is 736%. Notably, there was a remarkable 450% increase from 2007 to 2012, while the value decreased by 33% from 2012 to 2017. The most recent change from 2023 to 2024 shows an increase of 11%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value of these streets is Rs 3,050 per sq.ft, which is the same as the 2024 figure for West Mada Veedhi Main Road.

Stamp duty and registration fee for property in West Mada Veedhi Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value would be Rs 30,50,000. The stamp duty at 7% would amount to Rs 2,13,500, and the registration fee at 2% would be Rs 61,000, making the total Rs 2,74,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers West Mada Veedhi Main Road?

The Sub Registrar Office that covers West Mada Veedhi Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Maduravoyal. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the land records.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of West Mada Veedhi Main Road?

The current guideline value of West Mada Veedhi Main Road is Rs 3,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 365 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, reflecting an overall increase of 736% over the years.

What are the other streets in Maduravoyal with the same guideline value?

Other streets in Maduravoyal with the same 2024 guideline value of Rs 3,050 per sq.ft include West Mada Veedhi 1st, 2nd, 3rd, 4th, and 5th Streets.

What fees are associated with property registration in West Mada Veedhi Main Road?

When registering property in West Mada Veedhi Main Road, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for West Mada Veedhi Main Road?

The Sub Registrar Office for West Mada Veedhi Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.