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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 18th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 18th 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) 18th Street

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TNHB(4,5,6 Block) 18th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 18th 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) 18th Street has changed

The guideline value for TNHB(4,5,6 Block) 18th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in both 2003 and 2007. 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 saw a significant increase to Rs 2,750 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,050 per sq.ft.

Between the revisions, notable changes include an increase of 11% from 2023 to 2024, and a substantial increase of 49% from 2017 to 2023. The revision from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 450%. Overall, from 2002 to 2024, the guideline value has increased by 1,256%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values 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) 18th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 18th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 30,50,000. The stamp duty at 7% would be Rs 2,13,500, and the registration fee at 2% would be Rs 61,000, totaling Rs 2,74,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 18th Street?

The TNHB(4,5,6 Block) 18th 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 further assistance.

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

The guideline value is essential during property registration in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally, protecting the interests of both parties involved in the sale.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 18th Street?

The current guideline value for TNHB(4,5,6 Block) 18th 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 1,256% over the years.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,74,500, based on the current guideline value.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 18th Street?

The Virugambakkam Sub Registrar Office covers TNHB(4,5,6 Block) 18th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Where can I find other guideline values in Maduravoyal?

Other guideline values in Maduravoyal can be found by checking the values of nearby streets, such as TNHB(4,5,6 Block) 17th Street, 19th Street, and others, all currently valued at Rs 3,050 per sq.ft in 2024.