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Guideline Value

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

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 2nd 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) 2nd Street

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

The current guideline value for TNHB(4,5,6 Block) 2nd Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

The guideline value for TNHB(4,5,6 Block) 2nd Street has seen several revisions over the years. In 2002, the value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in 2003. The value remained the same until 2007, when it rose dramatically to Rs 500 per sq.ft. Following this, the value increased significantly to Rs 2,750 per sq.ft in 2012. However, it dropped to Rs 1,842 per sq.ft in 2017. The value then rose to Rs 2,750 per sq.ft in 2023 before reaching the current figure of Rs 3,050 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, there was a 49% increase. The 2023 to 2024 revision reflects an 11% increase. Notably, the 2007 to 2012 revision saw a substantial increase of 450%, while the 2012 to 2017 revision marked a decrease of 33%. Overall, from 2002 to 2024, the guideline value has increased by 1256%.

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) 2nd Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value is 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, totaling 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. You can use the stamp duty and registration fee calculator for further assistance.

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

The TNHB(4,5,6 Block) 2nd 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 when registering a property 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 local regulations during the transaction process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

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

The current guideline value for TNHB(4,5,6 Block) 2nd 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 from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, showing an overall increase of 1256% over the years.

What are the stamp duty rates for properties in TNHB(4,5,6 Block) 2nd Street?

The stamp duty for properties in TNHB(4,5,6 Block) 2nd Street is charged at 7% of the guideline value or sale price, whichever is higher.

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 can I calculate the registration fees for a property?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.