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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 13th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 13th 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) 13th Street

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TNHB(4,5,6 Block) 13th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 13th Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of TNHB(4,5,6 Block) 13th Street has changed

The guideline value for TNHB(4,5,6 Block) 13th Street has undergone several revisions over the years. Starting with the 2002 revision, the value was set at Rs 225 per sq.ft. In 2003, it remained at Rs 500 per sq.ft, and then in 2007, it jumped significantly to Rs 500 per sq.ft again. The 2012 revision saw a rise to Rs 2,750 per sq.ft, followed by a decrease in 2017 to Rs 1,842 per sq.ft. The value increased to Rs 2,750 per sq.ft in 2023, and finally, the current value is Rs 3,050 per sq.ft as of the 2024 revision.

In terms of changes, the guideline value increased by 11% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023. The 2012 to 2017 period saw a decrease of 33%. The value rose dramatically by 450% from 2007 to 2012, while there was no change from 2003 to 2007. The 2002 to 2003 period experienced an increase of 122%. 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 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 guideline value of TNHB(4,5,6 Block) 13th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 13th 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. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 13th Street?

The TNHB(4,5,6 Block) 13th 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 crucial factor in property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value or the sale price, whichever is higher, will be used to calculate these fees.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value helps maintain transparency and standardization in property transactions, making it easier for both parties involved.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 13th Street?

The current guideline value for TNHB(4,5,6 Block) 13th 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, reflecting an overall increase of 1256%.

What are the other streets in Maduravoyal with the same guideline value?

Several other streets in Maduravoyal have the same guideline value of Rs 3,050 per sq.ft for 2024, including TNHB(4,5,6 Block) 12th, 14th, 11th, 15th, 10th, and 16th Streets.

What fees are associated with buying property in TNHB(4,5,6 Block) 13th Street?

The fees associated with buying property include stamp duty at 7% of the guideline value and a registration fee at 2% of the guideline value.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 13th Street?

The Sub Registrar Office covering TNHB(4,5,6 Block) 13th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.