Guideline Value

Corporate

Guideline Value for T.V.K. 2nd Link Road

₹2500/sq.ft.

The guideline value for T.v.k. 2nd Link Road in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /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.k. 2nd Link Road

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T.V.K. 2nd Link Road guideline value

The current guideline value of T.V.K. 2nd Link Road is Rs 2,500 per sq.ft, effective from 1 July 2024. This road is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of T.V.K. 2nd Link Road has changed

Over the years, the guideline value of T.V.K. 2nd Link Road has seen several revisions. The most recent revision in 2024 set the value at Rs 2,500 per sq.ft, an increase from Rs 2,300 per sq.ft in 2023, marking a change of +9%. Prior to that, in 2017, the value was Rs 1,541 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. The 2012 revision had set the value at Rs 2,300 per sq.ft, which was a decrease of -33% from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by +9%. The 2024 figure aligns with the median value of Rs 2,500 per sq.ft for the 376 streets in Erukancherry under the Madhavaram SRO.

Guideline values in Erukancherry

In Erukancherry, the guideline values for 2024 range 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.K. 2nd Link Road is equal to this median.

Stamp duty and registration fee for property in T.V.K. 2nd Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total cost for these fees to Rs 2,25,000. It is important to note that the 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 details.

Which Sub Registrar Office covers T.V.K. 2nd Link Road?

The Sub Registrar Office covering T.V.K. 2nd Link Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional information.

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

The guideline value plays a crucial role in property transactions in Erukancherry. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in real estate dealings. It is essential for buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of T.V.K. 2nd Link Road?

The current guideline value of T.V.K. 2nd Link Road is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,541 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2024, with several revisions in between. The value increased by +49% from 2017 to 2023 and by +9% from 2023 to 2024.

What is the stamp duty rate for properties in T.V.K. 2nd Link Road?

The stamp duty rate for properties in T.V.K. 2nd Link Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

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

What is the land classification of T.V.K. 2nd Link Road?

T.V.K. 2nd Link Road is classified as Residential Class III Type - I, indicating its suitability for residential developments.