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Guideline Value for TNHB(4,5,6 Block) 16th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 16th 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) 16th Street

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TNHB(4,5,6 Block) 16th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 16th Street in Maduravoyal village, under the Virugambakkam SRO, is Rs 3,050 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - I land classification.

How the guideline value of TNHB(4,5,6 Block) 16th Street has changed

The guideline value for TNHB(4,5,6 Block) 16th Street has seen several revisions over the years. The earliest recorded value was Rs 225 per sq.ft in 2002, which increased to Rs 500 per sq.ft in 2003. The value remained the same until 2007, when it jumped significantly to Rs 500 per sq.ft. In 2012, the value rose to Rs 2,750 per sq.ft, but then decreased to Rs 1,842 per sq.ft in 2017. The value increased again to Rs 2,750 per sq.ft in 2023, before reaching the current rate of Rs 3,050 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 122% from 2002 to 2003, remained unchanged from 2003 to 2007, saw a substantial increase of 450% from 2007 to 2012, and then decreased by 33% from 2012 to 2017. Following this, there was a 49% increase from 2017 to 2023, and a further increase of 11% from 2023 to 2024.

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 is Rs 3,050 per sq.ft, which matches the guideline value for TNHB(4,5,6 Block) 16th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 16th 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.

You can use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 16th Street?

The TNHB(4,5,6 Block) 16th Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

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

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 16th Street?

The current guideline value for TNHB(4,5,6 Block) 16th 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%.

What is the land classification for TNHB(4,5,6 Block) 16th Street?

TNHB(4,5,6 Block) 16th Street is classified under Residential Class III Type - I.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 16th Street?

The Virugambakkam Sub Registrar Office covers TNHB(4,5,6 Block) 16th Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Maduravoyal?

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