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

₹3050/sq.ft.

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

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

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

Since the 2002 revision, the guideline value for TNHB(4,5,6 Block) 4th Main Road has seen significant changes. In 2002, the guideline value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in both 2003 and 2007. The value then jumped to Rs 2,750 per sq.ft in 2012, before decreasing to Rs 1,842 per sq.ft in 2017. The 2023 revision set the value at Rs 2,750 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,050 per sq.ft.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is +1120%. The most significant change occurred from 2007 to 2012, with a rise of +358%. However, there was a decrease of -33% from 2012 to 2017. The change from 2023 to 2024 reflects an increase of +11%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The guideline value for TNHB(4,5,6 Block) 4th Main Road is equal to the median value of Rs 3,050 per sq.ft.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 4th 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 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 to Rs 2,74,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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

The TNHB(4,5,6 Block) 4th Main Road 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 more information.

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

The guideline value is a crucial factor in property transactions in Maduravoyal, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When purchasing property, buyers should be aware that the guideline value may influence the overall cost of the transaction. It is essential to check the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the property transaction.

Frequently asked questions

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

The current guideline value for TNHB(4,5,6 Block) 4th 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, reflecting an overall increase of +1120% over the years.

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

This property is classified as Residential Class III Type - I under the Virugambakkam SRO.

Where can I find the Sub Registrar Office for this area?

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 guideline value or the sale price, whichever is higher. It is important to calculate the total costs involved in the transaction before proceeding with the registration.