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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 2nd Main Road

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 2nd 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 ₹600 /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) 2nd Main Road

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TNHB(4,5,6 Block) 2nd Main Road guideline value

The current guideline value for TNHB(4,5,6 Block) 2nd Main Road 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(4,5,6 Block) 2nd Main Road has changed

The guideline value for this street has seen several revisions over the years. In 2002, the guideline value was Rs 250 per sq.ft. This increased to Rs 600 per sq.ft in 2003, and remained the same until 2007 when it jumped to Rs 600 per sq.ft again. The next revision in 2012 set the value at Rs 2,750 per sq.ft, followed by a decrease to Rs 1,842 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,750 per sq.ft, and the most recent 2024 revision has set it at Rs 3,050 per sq.ft.

Looking at the changes, from 2002 to 2024, there has been an overall increase of 1,120%. The guideline value rose by 140% from 2002 to 2003, remained unchanged from 2003 to 2007, and saw a significant increase of 358% from 2007 to 2012. However, it decreased by 33% from 2012 to 2017, before increasing by 49% from 2017 to 2023, and finally increasing by 11% from 2023 to 2024.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that have 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 is the same as the guideline value for TNHB(4,5,6 Block) 2nd Main Road.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 2nd 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 amount to Rs 2,13,500, and the registration fee at 2% would be Rs 61,000, making the total cost for these fees Rs 2,74,500. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 2nd Main Road?

The TNHB(4,5,6 Block) 2nd Main Road falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 2nd Main Road?

The current guideline value for TNHB(4,5,6 Block) 2nd 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 changed several times, starting from Rs 250 per sq.ft in 2002 to the current value of Rs 3,050 per sq.ft in 2024, representing an overall increase of 1,120%.

What are the other streets with the same guideline value?

Other streets in Maduravoyal with the same guideline value of Rs 3,050 per sq.ft include TNHB(4,5,6 Block) 29th Street, 2nd Street, 28th Street, 30th Street, 27th Street, and 31st Street.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Maduravoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 30,50,000, the stamp duty at 7% would be Rs 2,13,500.