Guideline Value

Corporate

Guideline Value for TNHB(4,5,6 Block) 12th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 12th 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) 12th Street

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TNHB(4,5,6 Block) 12th Street guideline value

The current guideline value of TNHB(4,5,6 Block) 12th 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) 12th Street has changed

The guideline value for TNHB(4,5,6 Block) 12th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in both 2003 and 2007, marking no change in those years. The value then jumped significantly to Rs 2,750 per sq.ft in the 2012 revision, before decreasing to Rs 1,842 per sq.ft in 2017. The 2023 revision set the value at Rs 2,750 per sq.ft, which was then revised to Rs 3,050 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2002 to 2003, there was an increase of 122%. The value remained the same from 2003 to 2007. The jump from 2007 to 2012 was a substantial 450%, while there was a decrease of 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and finally, the value rose by 11% from 2023 to 2024. 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, with guideline values for 2024 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 of TNHB(4,5,6 Block) 12th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 12th 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 12th Street?

The TNHB(4,5,6 Block) 12th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Maduravoyal. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that the appropriate fees are collected based on the established rates, which are updated periodically through revisions.

Frequently asked questions

What is the current guideline value of TNHB(4,5,6 Block) 12th Street?

The current guideline value of TNHB(4,5,6 Block) 12th 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, showing an overall increase of 1256% over the years.

What is the land classification for TNHB(4,5,6 Block) 12th Street?

The land classification for TNHB(4,5,6 Block) 12th Street is Residential Class III Type - I.

Which Sub Registrar Office is responsible for TNHB(4,5,6 Block) 12th Street?

The Virugambakkam Sub Registrar Office is responsible for TNHB(4,5,6 Block) 12th Street, 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) 12th Street?

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