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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 19th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 19th 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) 19th Street

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TNHB(4,5,6 Block) 19th Street guideline value

The current guideline value of TNHB(4,5,6 Block) 19th 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) 19th Street has changed

The guideline value for TNHB(4,5,6 Block) 19th Street has undergone several revisions over the years. In 2002, the value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in 2003. This value remained unchanged until 2007, when it rose significantly to Rs 500 per sq.ft. The next revision in 2012 saw the value increase to Rs 2,750 per sq.ft, followed by a decrease to Rs 1,842 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,750 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 3,050 per sq.ft.

Between the revisions, notable changes include an increase of 122% from 2002 to 2003, a significant rise of 450% from 2007 to 2012, and a 49% increase from 2017 to 2023. 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 the same as the guideline value for TNHB(4,5,6 Block) 19th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total 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, making the total fees 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) 19th Street?

The TNHB(4,5,6 Block) 19th Street falls under 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 serves as a benchmark for determining the stamp duty and registration fees payable during the registration of property transactions.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 19th Street?

The current guideline value for TNHB(4,5,6 Block) 19th 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 increased significantly from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, marking an overall increase of 1256% over this period.

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

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 registrations for TNHB(4,5,6 Block) 19th Street?

The Virugambakkam Sub Registrar Office handles registrations for TNHB(4,5,6 Block) 19th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for TNHB(4,5,6 Block) 19th Street?

TNHB(4,5,6 Block) 19th Street is classified as Residential Class III Type - I.