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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 8th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 8th 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) 8th Street

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TNHB(4,5,6 Block) 8th Street guideline value

The current guideline value of TNHB(4,5,6 Block) 8th 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) 8th Street has changed

The guideline value for TNHB(4,5,6 Block) 8th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in 2003, and remained the same until 2007, when it surged to Rs 500 per sq.ft. In 2012, the value rose significantly to Rs 2,750 per sq.ft, but then decreased to Rs 1,842 per sq.ft in 2017. The value saw a substantial increase again in 2023, reaching Rs 2,750 per sq.ft, before the latest revision to Rs 3,050 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 11% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. However, the value decreased by 33% from 2012 to 2017. The jump from 2007 to 2012 was remarkable, with an increase of 450%. The overall change from 2002 to 2024 reflects a significant increase of 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 for these streets is Rs 3,050 per sq.ft, which is the same as the 2024 figure for TNHB(4,5,6 Block) 8th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 8th 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, 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 8th Street?

The TNHB(4,5,6 Block) 8th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

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

When registering a property, buyers must pay stamp duty based on the higher of the guideline value or the sale price. 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) 8th Street?

The current guideline value for TNHB(4,5,6 Block) 8th 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, reflecting an overall increase of 1,256% over the years.

What is the land classification for TNHB(4,5,6 Block) 8th Street?

TNHB(4,5,6 Block) 8th Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 8th Street?

The Sub Registrar Office covering TNHB(4,5,6 Block) 8th 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 for properties in Maduravoyal is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for registration fees.