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Guideline Value

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Guideline Value for T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar)

₹2500/sq.ft.

The guideline value for T.v.k. Nagar 1st Link Road (thiruvalluvar Nagar) 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. Nagar 1st Link Road (thiruvalluvar Nagar)

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T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar) guideline value

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

How the guideline value of T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar) has changed

The guideline value for T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar) has seen several revisions over the years. In 2012, the value was Rs 2,300 per sq.ft, which decreased to Rs 1,541 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,300 per sq.ft, reflecting a 49% rise. The latest revision in 2024 set the value at Rs 2,500 per sq.ft, a 9% increase from the previous year’s figure of Rs 2,300 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, which is the same as the 2024 guideline value for T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar).

Stamp duty and registration fee for property in T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar)?

The T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar) 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 Erukancherry

The guideline value is a crucial factor in the registration process when buying or selling property in Erukancherry. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of T.V.K. Nagar 1st Link Road?

The current guideline value of T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar) 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 seen various changes, with the most recent revision in 2024 increasing it to Rs 2,500 per sq.ft from Rs 2,300 per sq.ft in 2023. The value was Rs 1,541 per sq.ft in 2017, showing significant changes over the years.

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

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for T.V.K. Nagar 1st Link Road?

The Madhavaram Sub Registrar Office handles property registrations for T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for T.V.K. Nagar 1st Link Road?

T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar) is classified as Residential Class III Type - I, indicating its suitability for residential development.