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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 22nd Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 22nd 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) 22nd Street

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TNHB(4,5,6 Block) 22nd Street guideline value

The current guideline value for TNHB(4,5,6 Block) 22nd Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the jurisdiction of 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) 22nd Street has changed

The guideline value for TNHB(4,5,6 Block) 22nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 225 per sq.ft. This figure remained the same until 2003, after which it was Rs 500 per sq.ft. The value saw a significant increase to Rs 500 per sq.ft in 2007, which was unchanged until 2012 when it rose to Rs 2,750 per sq.ft. By 2017, the value decreased to Rs 1,842 per sq.ft, before increasing again to Rs 2,750 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 3,050 per sq.ft.

Between the revisions, notable changes include an increase of 11% from 2023 to 2024, and a 49% increase from 2017 to 2023. The period from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a remarkable 450%. From 2002 to 2024, the overall increase in guideline value is 1,256%.

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 the same as the guideline value for TNHB(4,5,6 Block) 22nd Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 22nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value amounts to 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, 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 or the sale price.

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

Which Sub Registrar Office covers TNHB(4,5,6 Block) 22nd Street?

The TNHB(4,5,6 Block) 22nd 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 plays a crucial role in the registration process when buying or selling property in Maduravoyal. It is the basis for calculating stamp duty and registration fees, which are mandatory for property transactions. The guideline value ensures that the government receives the appropriate revenue from property sales.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 22nd Street?

The current guideline value for TNHB(4,5,6 Block) 22nd 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, marking an overall increase of 1,256% over this period.

What is the land classification for TNHB(4,5,6 Block) 22nd Street?

The land classification for TNHB(4,5,6 Block) 22nd Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 22nd Street?

The Virugambakkam Sub Registrar Office, which covers TNHB(4,5,6 Block) 22nd Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property in TNHB(4,5,6 Block) 22nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total guideline value of Rs 30,50,000, leading to specific stamp duty and registration fees.