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Guideline Value for TNHB(4,5,6 Block) 37th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 37th 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) 37th Street

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TNHB(4,5,6 Block) 37th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 37th 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 with a land classification of Residential Class III Type - I.

How the guideline value of TNHB(4,5,6 Block) 37th Street has changed

The guideline value for TNHB(4,5,6 Block) 37th Street has seen significant changes over the years. In the 2002 revision, the value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in both the 2003 and 2007 revisions. The 2007 to 2012 period saw a substantial increase, with the value rising to Rs 2,750 per sq.ft in 2012. However, this figure dropped to Rs 1,842 per sq.ft in 2017. The 2023 revision recorded a guideline value of Rs 2,750 per sq.ft, which then increased to the current value of Rs 3,050 per sq.ft in 2024, reflecting an 11% increase from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1256%. The register has no figure for the years not listed in the revisions for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with a 2024 guideline value range 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 current guideline value for TNHB(4,5,6 Block) 37th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 37th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,050 per sq.ft, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 37th Street?

The TNHB(4,5,6 Block) 37th 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 information.

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 determines the minimum price at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When you register a property, the stamp duty and registration fees are calculated 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 local regulations.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 37th Street?

The current guideline value for TNHB(4,5,6 Block) 37th 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, representing an overall increase of 1256%.

What is the land classification for TNHB(4,5,6 Block) 37th Street?

The land classification for TNHB(4,5,6 Block) 37th Street is Residential Class III Type - I.

Where can I find the registration office for this street?

The registration office for TNHB(4,5,6 Block) 37th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 fees would amount to Rs 2,74,500.