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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 34th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 34th 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) 34th Street

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TNHB(4,5,6 Block) 34th Street guideline value

The current guideline value of TNHB(4,5,6 Block) 34th 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) 34th Street has changed

The guideline value for TNHB(4,5,6 Block) 34th Street has seen several revisions over the years. The earliest figure available is from 2002, which was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in 2003, and remained the same until 2007 when it jumped to Rs 500 per sq.ft again. In 2012, the value rose to Rs 2,750 per sq.ft, but then decreased to Rs 1,842 per sq.ft in 2017. The value saw a significant increase in 2023, reaching Rs 2,750 per sq.ft, and finally, the current revision in 2024 set it at Rs 3,050 per sq.ft.

Between these revisions, several notable changes occurred. From 2017 to 2023, there was a 49% increase. The 2012 to 2017 period saw a decrease of 33%. The 2007 to 2012 revision experienced a substantial increase of 450%. The value from 2002 to 2024 shows an overall increase of 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 guideline value is Rs 3,050 per sq.ft, which is equal to the 2024 figure for TNHB(4,5,6 Block) 34th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 34th 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 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 34th Street?

The TNHB(4,5,6 Block) 34th 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 critical factor in the registration process when buying or selling property in Maduravoyal. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 34th Street?

The current guideline value for TNHB(4,5,6 Block) 34th 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, reflecting an overall increase of 1,256% over the years.

What is the land classification for this street?

TNHB(4,5,6 Block) 34th Street is classified as Residential Class III Type - I.

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

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Maduravoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For TNHB(4,5,6 Block) 34th Street, the current guideline value is Rs 3,050 per sq.ft.