Guideline Value

Corporate

Guideline Value for TNHB(4,5,6 Block) 10th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 10th 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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) 10th Street

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TNHB(4,5,6 Block) 10th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 10th 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) 10th Street has changed

The guideline value for TNHB(4,5,6 Block) 10th Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 500 per sq.ft. This increased significantly to Rs 2,750 per sq.ft in 2012, marking a 450% rise. However, by 2017, the value dropped to Rs 1,842 per sq.ft, which was a decrease of 33%. The 2023 revision then raised it to Rs 2,750 per sq.ft again, before the current 2024 revision brought it to Rs 3,050 per sq.ft, an increase of 11% from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 510%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with 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) 10th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 10th 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, bringing the total charges to 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 10th Street?

The TNHB(4,5,6 Block) 10th 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 details.

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

The guideline value is a crucial factor in property transactions in Maduravoyal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This value ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 10th Street?

The current guideline value for TNHB(4,5,6 Block) 10th 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 500 per sq.ft in 2007 to Rs 3,050 per sq.ft in 2024, marking an overall increase of 510% over the years.

What is the land classification for TNHB(4,5,6 Block) 10th Street?

TNHB(4,5,6 Block) 10th Street is classified as Residential Class III Type - I.

Where can I find the registration office for TNHB(4,5,6 Block) 10th Street?

The registration office for TNHB(4,5,6 Block) 10th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in TNHB(4,5,6 Block) 10th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.