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Guideline Value

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Guideline Value for T.V.K. Street ( Ward No.16 )

₹1600/sq.ft.

The guideline value for T.v.k. Street ( Ward No.16 ) 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. Street ( Ward No.16 )

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T.V.K. Street ( Ward No.16 ) guideline value

The current guideline value of T.V.K. Street ( Ward No.16 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of T.V.K. Street ( Ward No.16 ) has changed

Over the years, the guideline value of T.V.K. Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. In 2023, the value increased to Rs 1,500 per sq.ft, and the most recent 2024 revision established the current guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 7%. 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, with 2024 guideline values 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 guideline value of T.V.K. Street ( Ward No.16 ).

Stamp duty and registration fee for property in T.V.K. Street ( Ward No.16 )

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 charges to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.K. Street ( Ward No.16 )?

The Sub Registrar Office that covers T.V.K. Street ( Ward No.16 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When you proceed with a property transaction, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges that need to be paid at the time of registration. This ensures that all transactions are conducted in accordance with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of T.V.K. Street ( Ward No.16 )?

The current guideline value of T.V.K. Street ( Ward No.16 ) 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 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. The value has also increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, which is a 49% increase.

What is the land classification of T.V.K. Street ( Ward No.16 )?

T.V.K. Street ( Ward No.16 ) is classified as Residential Class II Type - I, indicating its designation for residential use.

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 the registration of properties in the area.

How is stamp duty calculated for properties in T.V.K. Street ( Ward No.16 )?

Stamp duty for properties in T.V.K. Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.