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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 3rd Main Road

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 3rd 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) 3rd Main Road

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TNHB(4,5,6 Block) 3rd Main Road guideline value

The current guideline value for TNHB(4,5,6 Block) 3rd 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, classified as Residential Class III Type - I.

How the guideline value of TNHB(4,5,6 Block) 3rd Main Road has changed

The guideline value for TNHB(4,5,6 Block) 3rd Main Road has seen significant changes over the years. In 2002, the value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in both 2003 and 2007. The value then rose dramatically to Rs 2,750 per sq.ft in 2012, before decreasing to Rs 1,842 per sq.ft in 2017. The subsequent revisions saw the value increase to Rs 2,750 per sq.ft in 2023, and finally to Rs 3,050 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it rose by 11%. The 2012 to 2017 revision saw a decrease of 33%, and the 2007 to 2012 period experienced a substantial increase of 358%. Over the entire period from 2002 to 2024, the guideline value has increased by 1120%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with 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) 3rd Main Road.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 3rd 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 a total of Rs 2,74,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 3rd Main Road?

The TNHB(4,5,6 Block) 3rd 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 information.

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

When buying or selling property in Maduravoyal, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and is used to assess the minimum value at which a property can be registered.

It is important to note that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 3rd Main Road?

The current guideline value for TNHB(4,5,6 Block) 3rd 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 significantly from Rs 250 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for TNHB(4,5,6 Block) 3rd Main Road?

TNHB(4,5,6 Block) 3rd Main Road is classified as Residential Class III Type - I.

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 property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For TNHB(4,5,6 Block) 3rd Main Road, the current guideline value is used for this calculation.