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Guideline Value for TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu)

₹3050/sq.ft.

The guideline value for Tnhb - Green Enclave Sector Ii (adukkumadi Kudiyiruppu) in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3050 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3050 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹600 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹225 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Tnhb - Green Enclave Sector Ii (adukkumadi Kudiyiruppu)

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TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu) guideline value

The current guideline value for TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu) is Rs 3,050 per sq.ft, effective from 1 July 2024. This property is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu) has changed

The guideline value for this street has seen significant changes over the years. In 2002, the value was Rs 225 per sq.ft, which increased to Rs 600 per sq.ft in 2003, marking a substantial rise of 167%. By 2007, the value further increased to Rs 700 per sq.ft, a growth of 17%. The 2012 revision saw a notable jump to Rs 2,750 per sq.ft, reflecting a 293% increase from the previous figure. However, in 2017, the value dropped to Rs 1,842 per sq.ft, a decline of 33%. The 2023 revision brought the value back up to Rs 2,750 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 3,050 per sq.ft, representing an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1256%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, which aligns with the current guideline value for TNHB - Green Enclave Sector II.

Stamp duty and registration fee for property in TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value amounts to Rs 30,50,000. The stamp duty at 7% would be Rs 2,13,500, and the registration fee at 2% would be Rs 61,000, bringing the total cost for these fees to Rs 2,74,500. 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 precise calculations.

Which Sub Registrar Office covers TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu)?

The TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu) is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When a property is sold, the buyer and seller must adhere to this guideline value to ensure compliance with local regulations. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for TNHB - Green Enclave Sector II?

The current guideline value for TNHB - Green Enclave Sector II (Adukkumadi Kudiyiruppu) is Rs 3,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, marking an overall increase of 1256% over the years.

What is the land classification for TNHB - Green Enclave Sector II?

TNHB - Green Enclave Sector II is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 30,50,000, the stamp duty would be Rs 2,13,500 and the registration fee would be Rs 61,000, totaling Rs 2,74,500.

Which office handles registrations for this area?

The Virugambakkam Sub Registrar Office handles registrations for TNHB - Green Enclave Sector II, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.