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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 1st Main Road

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 1st Main Road 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 ₹250 /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(4,5,6 Block) 1st Main Road

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TNHB(4,5,6 Block) 1st Main Road guideline value

The current guideline value for TNHB(4,5,6 Block) 1st Main Road is Rs 3,050 per sq.ft, effective from 1 July 2024. This property is located in Maduravoyal village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of TNHB(4,5,6 Block) 1st Main Road has changed

The guideline value for TNHB(4,5,6 Block) 1st Main Road has seen several revisions over the years. The earliest recorded value in 2002 was Rs 250 per sq.ft. This increased to Rs 600 per sq.ft in 2003, followed by Rs 700 per sq.ft in 2007. The value then rose significantly to Rs 2,750 per sq.ft in 2012, before dropping to Rs 1,842 per sq.ft in 2017. The most recent revisions show a value of Rs 2,750 per sq.ft in 2023, which has now increased to Rs 3,050 per sq.ft in the 2024 revision.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is a remarkable 1,120%. The jump from 2023 to 2024 is 11%, while the increase from 2017 to 2023 was 49%. The value decreased by 33% from 2012 to 2017, but saw a significant rise of 293% from 2007 to 2012. The increase from 2003 to 2007 was 17%, and from 2002 to 2003, it was 140%.

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 is Rs 3,050 per sq.ft, which is the same as the guideline value for TNHB(4,5,6 Block) 1st Main Road.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value would be 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, making the total charges 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 1st Main Road?

The TNHB(4,5,6 Block) 1st Main Road falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Maduravoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on this guideline value.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 1st Main Road?

The current guideline value for TNHB(4,5,6 Block) 1st Main Road 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 250 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, reflecting an overall increase of 1,120% over this period.

What is the land classification for TNHB(4,5,6 Block) 1st Main Road?

This property is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 1st Main Road?

The Virugambakkam Sub Registrar Office covers TNHB(4,5,6 Block) 1st Main Road and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.