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Guideline Value

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

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 1st Street 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹500 /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(4,5,6 Block) 1st Street

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

The current guideline value of TNHB(4,5,6 Block) 1st Street in Maduravoyal village is Rs 3,050 per sq.ft, effective from 1 July 2024. This street falls 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 Street has changed

The guideline value for TNHB(4,5,6 Block) 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in both 2003 and 2007. The value then rose dramatically to Rs 2,750 per sq.ft in 2012, before dropping to Rs 1,842 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 2,750 per sq.ft, which was later increased to Rs 3,050 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2024, the overall increase was +1256%. The transition from 2017 to 2023 saw an increase of +49%, while the jump from 2023 to 2024 was +11%. The period from 2012 to 2017 experienced a decrease of -33%, and the rise from 2007 to 2012 was +450%. 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, with the median being Rs 3,050 per sq.ft. TNHB(4,5,6 Block) 1st Street's guideline value matches this median.

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

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, making the total cost Rs 2,74,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The TNHB(4,5,6 Block) 1st Street 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 the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure compliance with local regulations during property transactions.

When purchasing property, the guideline value helps in assessing the financial obligations related to the transaction. It is essential for both parties to understand that the duty is charged on the higher of the guideline value and the sale price, ensuring transparency in the registration process.

Frequently asked questions

What is the current guideline value of TNHB(4,5,6 Block) 1st Street?

The current guideline value of TNHB(4,5,6 Block) 1st Street 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 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, reflecting an overall increase of +1256% over the years.

What are the stamp duty and registration fees for property in TNHB(4,5,6 Block) 1st Street?

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.

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 guideline value determined for properties in Maduravoyal?

The guideline value is determined based on various factors and is updated periodically. It serves as a reference for calculating stamp duty and registration fees during property transactions.