Guideline Value

Corporate

Guideline Value for TNHB(4,5,6 Block) 17th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 17th 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) 17th Street

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TNHB(4,5,6 Block) 17th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 17th Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls 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) 17th Street has changed

The guideline value for TNHB(4,5,6 Block) 17th Street has seen several revisions over the years. In 2002, the value was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in 2003, and it remained the same through 2007. In 2007, the value saw a significant jump to Rs 500 per sq.ft. The next revision in 2012 brought the value to Rs 2,750 per sq.ft, which was a decrease of 33% from the previous revision. In 2017, the value increased to Rs 1,842 per sq.ft, and by 2023, it rose to Rs 2,750 per sq.ft again. The most recent revision in 2024 set the value at Rs 3,050 per sq.ft, marking an 11% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 1256%. There are no figures available for this street in the years not mentioned in the revisions.

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 for these streets is Rs 3,050 per sq.ft, which is equal to the guideline value for TNHB(4,5,6 Block) 17th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 17th 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, while 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) 17th Street?

The TNHB(4,5,6 Block) 17th 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 an important factor when registering property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees.

When a buyer or seller engages in a transaction, the registration office will refer to the guideline value to ensure that the property is not undervalued. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 17th Street?

The current guideline value for TNHB(4,5,6 Block) 17th 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, reflecting an overall increase of 1256% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 30,50,000, the stamp duty would be Rs 2,13,500 and the registration fee would be Rs 61,000, totaling Rs 2,74,500.

Which office handles the registration for TNHB(4,5,6 Block) 17th Street?

The registration for TNHB(4,5,6 Block) 17th Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for TNHB(4,5,6 Block) 17th Street?

The land classification for TNHB(4,5,6 Block) 17th Street is Residential Class III Type - I.