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

Guideline Value

Corporate

Guideline Value for TNHB(4,5,6 Block) 38th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 38th 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) 38th 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) 38th Street guideline value

The current guideline value of TNHB(4,5,6 Block) 38th 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 is classified as Residential Class III Type - I.

How the guideline value of TNHB(4,5,6 Block) 38th Street has changed

The guideline value for TNHB(4,5,6 Block) 38th Street has seen significant changes over the years. In 2002, the value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in 2003. This figure remained the same until 2007 when it jumped to Rs 500 per sq.ft. The next revision in 2012 saw the value rise to Rs 2,750 per sq.ft, but it then dropped to Rs 1,842 per sq.ft in 2017. The value increased again to Rs 2,750 per sq.ft in 2023 and has now reached Rs 3,050 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2002 to 2003, there was an increase of 122%. The value remained unchanged from 2003 to 2007. From 2007 to 2012, there was a significant increase of 450%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024.

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 is Rs 3,050 per sq.ft, which is equal to the guideline value of TNHB(4,5,6 Block) 38th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 38th 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, making a total of Rs 2,74,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 38th Street?

The TNHB(4,5,6 Block) 38th 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 is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. The guideline value is set by the Registration Department and is revised periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay 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, and it also provides a standardized measure for property valuation in the area.

Frequently asked questions

What is the current guideline value of TNHB(4,5,6 Block) 38th Street?

The current guideline value of TNHB(4,5,6 Block) 38th 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 from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty for a property in TNHB(4,5,6 Block) 38th Street?

The stamp duty for a property in TNHB(4,5,6 Block) 38th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Virugambakkam Sub Registrar Office located?

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

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically to reflect changes in the real estate market in the area.