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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 26th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 26th 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) 26th Street

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TNHB(4,5,6 Block) 26th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 26th Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of TNHB(4,5,6 Block) 26th Street has changed

The guideline value for TNHB(4,5,6 Block) 26th Street has seen significant changes 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 2003, remaining the same until 2007. In 2007, the value surged to Rs 500 per sq.ft, and by 2012, it had increased to Rs 2,750 per sq.ft. However, there was a decline to Rs 1,842 per sq.ft in 2017. The value then rose to Rs 2,750 per sq.ft in 2023, before reaching the current figure of Rs 3,050 per sq.ft in 2024.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, a rise of 11%. 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 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 of TNHB(4,5,6 Block) 26th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 26th 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% amounts to Rs 2,13,500, and the registration fee at 2% is Rs 61,000, totaling Rs 2,74,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 26th Street?

The TNHB(4,5,6 Block) 26th 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 details.

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 minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of TNHB(4,5,6 Block) 26th Street?

The current guideline value of TNHB(4,5,6 Block) 26th 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 1256% over this period.

What are the stamp duty and registration fees for property in TNHB(4,5,6 Block) 26th Street?

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 of Rs 30,50,000.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 26th Street?

The Virugambakkam Sub Registrar Office covers TNHB(4,5,6 Block) 26th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties. It is essential for calculating the stamp duty and registration fees during property transactions, ensuring compliance with legal requirements.