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Guideline Value

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Guideline Value for T.V.K.Nagar 4th st ( Ward No.13 )

₹1600/sq.ft.

The guideline value for T.v.k.nagar 4th St ( Ward No.13 ) 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.nagar 4th St ( Ward No.13 )

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T.V.K.Nagar 4th st ( Ward No.13 ) guideline value

The current guideline value for T.V.K.Nagar 4th st ( Ward No.13 ) 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.Nagar 4th st ( Ward No.13 ) has changed

In the 2012 revision, the guideline value for T.V.K.Nagar 4th st was Rs 1,500 per sq.ft. This figure saw a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, representing a 7% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Madhavaram

Madhavaram village has a range of guideline values for its 1,946 streets under the Madhavaram SRO, with the 2024 figures varying from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which is equal to the 2024 guideline value for T.V.K.Nagar 4th st.

Stamp duty and registration fee for property in T.V.K.Nagar 4th st ( Ward No.13 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling 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 use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers T.V.K.Nagar 4th st ( Ward No.13 )?

The Sub Registrar Office that covers T.V.K.Nagar 4th st ( Ward No.13 ) 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 plays a crucial role during property registration in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the agreed sale price, making it essential to understand the current guideline values.

Frequently asked questions

What is the current guideline value for T.V.K.Nagar 4th st ( Ward No.13 )?

The current guideline value for T.V.K.Nagar 4th st ( Ward No.13 ) 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 seen various changes, with a decrease in 2017 to Rs 1,005 per sq.ft, followed by increases in subsequent years, reaching Rs 1,600 per sq.ft in 2024.

What is the land classification for T.V.K.Nagar 4th st?

T.V.K.Nagar 4th st is classified as Residential Class II Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for properties in T.V.K.Nagar 4th st?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for T.V.K.Nagar 4th st?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for T.V.K.Nagar 4th st.