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Guideline Value

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Guideline Value for T.V. Nagar 1st Main Road 1st Street

₹2200/sq.ft.

The guideline value for T.v. Nagar 1st Main Road 1st Street in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
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 T.v. Nagar 1st Main Road 1st Street

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T.V. Nagar 1st Main Road 1st Street guideline value

The current guideline value of T.V. Nagar 1st Main Road 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village and falls under the Madhavaram SRO with a land classification of Residential Class IV Type - I.

How the guideline value of T.V. Nagar 1st Main Road 1st Street has changed

The guideline value for T.V. Nagar 1st Main Road 1st Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value for T.V. Nagar 1st Main Road 1st Street is below this median.

Stamp duty and registration fee for property in T.V. Nagar 1st Main Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on these fees.

Which Sub Registrar Office covers T.V. Nagar 1st Main Road 1st Street?

The T.V. Nagar 1st Main Road 1st Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For further assistance, you can find your SRO.

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

The guideline value is an essential factor during the registration process when buying or selling property in Erukancherry. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value serves as a benchmark to assess the value of the property for taxation purposes. This ensures that the government collects the appropriate fees based on the established rates for different areas.

Frequently asked questions

What is the current guideline value for T.V. Nagar 1st Main Road 1st Street?

The current guideline value for T.V. Nagar 1st Main Road 1st Street 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 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,200 per sq.ft in 2024.

What are the stamp duty rates for properties in T.V. Nagar 1st Main Road 1st Street?

The stamp duty for properties in T.V. Nagar 1st Main Road 1st Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the relevant Sub Registrar Office for T.V. Nagar 1st Main Road 1st Street?

The Madhavaram Sub Registrar Office covers T.V. Nagar 1st Main Road 1st Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees for property transactions. It ensures that the transaction is recorded accurately in official records and helps assess the value of the property for taxation purposes.