Guideline Value

Corporate

Guideline Value for TNHB(4,5,6 Block) 11th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 11th 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) 11th Street

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TNHB(4,5,6 Block) 11th Street guideline value

The current guideline value of TNHB(4,5,6 Block) 11th 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) 11th Street has changed

The guideline value for TNHB(4,5,6 Block) 11th Street has seen several revisions over the years. The earliest recorded figure is from 2002, which is Rs 225 per sq.ft. In 2003, the value remained at Rs 500 per sq.ft. The next significant change occurred in 2007, where the value increased to Rs 500 per sq.ft, and then surged to Rs 2,750 per sq.ft in 2012. However, there was a decrease in 2017, bringing the value down to Rs 1,842 per sq.ft. The value then rose to Rs 2,750 per sq.ft in 2023, and finally reached Rs 3,050 per sq.ft in the 2024 revision.

Between these revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. The most significant increase was from 2007 to 2012, which was a rise of 450%. 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 figure, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, which aligns with the current value for TNHB(4,5,6 Block) 11th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 11th 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, 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 11th Street?

The TNHB(4,5,6 Block) 11th 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 critical factor when registering property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected value of the property. It is essential to consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 11th Street?

The current guideline value for TNHB(4,5,6 Block) 11th 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 significantly from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, representing an overall increase of 1256%.

What is the land classification for TNHB(4,5,6 Block) 11th Street?

TNHB(4,5,6 Block) 11th Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,74,500 in fees.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers TNHB(4,5,6 Block) 11th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.