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Guideline Value

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

₹3050/sq.ft.

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

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TNHB(4,5,6 Block) 4th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 4th 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 falls under the Residential Class III Type - I land classification.

How the guideline value of TNHB(4,5,6 Block) 4th Street has changed

The guideline value for TNHB(4,5,6 Block) 4th 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 both 2003 and 2007. The value then rose significantly to Rs 2,750 per sq.ft by 2012, but dropped 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 revision in 2024 has increased it to Rs 3,050 per sq.ft.

Between the revisions, there have been notable changes. From 2023 to 2024, the guideline value increased by 11%. The period from 2017 to 2023 saw a substantial increase of 49%. However, the value decreased by 33% from 2012 to 2017. The increase from 2007 to 2012 was remarkable at 450%, while there was no change between 2003 and 2007. The value increased by 122% from 2002 to 2003. 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 equal to the guideline value for TNHB(4,5,6 Block) 4th Street.

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

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, 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 the stamp duty and registration fee calculator for more details.

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

The TNHB(4,5,6 Block) 4th 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 further assistance.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for TNHB(4,5,6 Block) 4th 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 increased 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 other streets in Maduravoyal with the same guideline value?

Other streets in Maduravoyal with a guideline value of Rs 3,050 per sq.ft in 2024 include TNHB(4,5,6 Block) 4th Main Road, 5th Street, 3rd Street, 6th Street, 3rd Main Road, and 7th street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 4th Street?

The Sub Registrar Office covering TNHB(4,5,6 Block) 4th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.