Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for TNHB(4,5,6 Block) 29th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 29th 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) 29th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

TNHB(4,5,6 Block) 29th Street guideline value

The current guideline value of TNHB(4,5,6 Block) 29th 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) 29th Street has changed

The guideline value for TNHB(4,5,6 Block) 29th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in 2003, and remained the same until the 2007 revision, which saw a significant jump to Rs 500 per sq.ft. In 2012, the value was revised to Rs 2,750 per sq.ft, but it dropped to Rs 1,842 per sq.ft in 2017. The 2023 revision set the value at Rs 2,750 per sq.ft, before the latest increase to Rs 3,050 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2023 to 2024, the guideline value increased by 11%. The period from 2017 to 2023 saw a rise of 49%, while the 2012 to 2017 period experienced a decrease of 33%. The 2007 to 2012 revision marked a substantial increase of 450%, and the 2002 to 2003 revision had an increase of 122%. Overall, from 2002 to 2024, the guideline value has increased by 1256%. There are no figures available for any other years for this street in the register.

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 guideline value is Rs 3,050 per sq.ft, which is also the current value for TNHB(4,5,6 Block) 29th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 29th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,050 per sq.ft, the 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, totaling Rs 2,74,500. 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 more details.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 29th Street?

The TNHB(4,5,6 Block) 29th 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 a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 29th Street?

The current guideline value for TNHB(4,5,6 Block) 29th 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 over the years, starting from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, marking an overall increase of 1256%.

What is the land classification for TNHB(4,5,6 Block) 29th Street?

The land classification for TNHB(4,5,6 Block) 29th Street is Residential Class III Type - I.

Where can I find the registration office for TNHB(4,5,6 Block) 29th Street?

The registration office for TNHB(4,5,6 Block) 29th Street is the Virugambakkam Sub Registrar Office, 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) 29th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,74,500.