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Guideline Value for TNHB(4,5,6 Block) 32nd Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 32nd 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) 32nd Street

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TNHB(4,5,6 Block) 32nd Street guideline value

The current guideline value for TNHB(4,5,6 Block) 32nd 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 falls under the Residential Class III Type - I land classification.

How the guideline value of TNHB(4,5,6 Block) 32nd Street has changed

The guideline value for TNHB(4,5,6 Block) 32nd Street has undergone several revisions over the years. The register shows that in 2002, the value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in 2003. There was no change from 2003 to 2007, where it remained at Rs 500 per sq.ft. The next revision in 2007 saw a significant increase to Rs 2,750 per sq.ft in 2012, followed by a decrease to Rs 1,842 per sq.ft in 2017. The value then rose to Rs 2,750 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 3,050 per sq.ft. The overall change from 2002 to 2024 is an increase of 1,256%.

In terms of percentage changes, from 2023 to 2024, there was an increase of 11%. From 2017 to 2023, the value increased by 49%. The revision from 2012 to 2017 saw a decrease of 33%, while there was a remarkable increase of 450% from 2007 to 2012. The value remained the same from 2003 to 2007, and from 2002 to 2003, it increased by 122%.

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 guideline value for these streets is Rs 3,050 per sq.ft, which is the same as the 2024 figure for TNHB(4,5,6 Block) 32nd Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 32nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value would be Rs 30,50,000. The stamp duty at 7% would amount to Rs 2,13,500, and the registration fee at 2% would be Rs 61,000, bringing the total to Rs 2,74,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers TNHB(4,5,6 Block) 32nd Street?

The TNHB(4,5,6 Block) 32nd Street falls under the jurisdiction of 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 critical factor during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 32nd Street?

The current guideline value for TNHB(4,5,6 Block) 32nd 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 from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, marking an overall increase of 1,256%.

What is the land classification for TNHB(4,5,6 Block) 32nd Street?

This street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for this street?

The Virugambakkam Sub Registrar Office covers TNHB(4,5,6 Block) 32nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,13,500.