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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 7th street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 7th 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) 7th Street

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TNHB(4,5,6 Block) 7th street guideline value

The current guideline value for TNHB(4,5,6 Block) 7th street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of TNHB(4,5,6 Block) 7th street has changed

The guideline value for TNHB(4,5,6 Block) 7th street has seen several revisions over the years. In 2002, the guideline 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 surged to Rs 500 per sq.ft. In 2012, the value rose to Rs 2,750 per sq.ft, but then decreased to Rs 1,842 per sq.ft in 2017. The value further increased to Rs 2,750 per sq.ft in 2023, and finally, it reached Rs 3,050 per sq.ft in the 2024 revision.

From the 2017 revision to 2023, there was a significant increase of 49%. The 2023 to 2024 revision saw an increase of 11%. The largest increase occurred from 2007 to 2012, with a rise of 450%. Overall, from 2002 to 2024, the guideline value has increased by 1,256%.

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 2024 figure for TNHB(4,5,6 Block) 7th street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 7th street

For a 1,000 sq.ft plot at the current guideline value, 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, leading to a total cost of 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) 7th street?

The TNHB(4,5,6 Block) 7th 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 an essential factor during the registration of property transactions in Maduravoyal. It determines the minimum value at which a property can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 7th street?

The current guideline value for TNHB(4,5,6 Block) 7th 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, marking an overall increase of 1,256% over the years.

What is the land classification for TNHB(4,5,6 Block) 7th street?

The land classification for TNHB(4,5,6 Block) 7th street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 7th street?

The Sub Registrar Office covering TNHB(4,5,6 Block) 7th street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Maduravoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 30,50,000, the stamp duty would be Rs 2,13,500 at a rate of 7%.