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Guideline Value

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Guideline Value for T.V.K. 2nd st ( Ward No.12 )

₹1600/sq.ft.

The guideline value for T.v.k. 2nd St ( Ward No.12 ) 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 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 St ( Ward No.12 )

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T.V.K. 2nd st ( Ward No.12 ) guideline value

The current guideline value of T.V.K. 2nd st ( Ward No.12 ) is Rs 1,600 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 II Type - I.

How the guideline value of T.V.K. 2nd st ( Ward No.12 ) has changed

The guideline value for T.V.K. 2nd st ( Ward No.12 ) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Looking at the changes, the value rose by 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023. However, there was a decline of 33% from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 7%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which is equal to the current value of T.V.K. 2nd st ( Ward No.12 ).

Stamp duty and registration fee for property in T.V.K. 2nd st ( Ward No.12 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total 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, bringing the total to 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.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers T.V.K. 2nd st ( Ward No.12 )?

The T.V.K. 2nd st ( Ward No.12 ) is covered by 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 plays a crucial role in property transactions in Madhavaram. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price to calculate the applicable duties. If the sale price exceeds the guideline value, the duty is charged based on the sale price; otherwise, it is charged based on the guideline value.

Frequently asked questions

What is the current guideline value of T.V.K. 2nd st ( Ward No.12 )?

The current guideline value of T.V.K. 2nd st ( Ward No.12 ) 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the registration office for T.V.K. 2nd st ( Ward No.12 )?

The registration office for T.V.K. 2nd st ( Ward No.12 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in T.V.K. 2nd st ( Ward No.12 )?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 1,12,000.

What other streets have the same guideline value in Madhavaram?

Other streets in Madhavaram, such as T.V.K. 6th Cross Street, T.V.K. 6th cross st ( Ward No.13 ), T.V.K. 1st st ( Ward No.12 ), T.V.K.Nagar 3rd st ( Ward No.13 ), T.V.K.Nagar 4th st ( Ward No.13 ), and T.V.K.Nagar 5th st ( Ward No.13 ), also have a guideline value of Rs 1,600 per sq.ft as of 2024.