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Guideline Value

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Guideline Value for TNHB(4,5,6 Block) 39th Street

₹3050/sq.ft.

The guideline value for Tnhb(4,5,6 Block) 39th 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) 39th Street

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TNHB(4,5,6 Block) 39th Street guideline value

The current guideline value for TNHB(4,5,6 Block) 39th 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) 39th Street has changed

The guideline value for TNHB(4,5,6 Block) 39th Street has seen several revisions over the years. In 2002, the guideline value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in both 2003 and 2007. The value then rose significantly to Rs 2,750 per sq.ft in 2012, before dropping to Rs 1,842 per sq.ft in 2017. The most recent revisions show a value of Rs 2,750 per sq.ft in 2023, which has increased to Rs 3,050 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2024, the overall increase in the guideline value is 1,256%. The jump from 2017 to 2023 was 49%, while the increase from 2023 to 2024 is 11%. The value saw a remarkable rise of 450% from 2007 to 2012, but there was a decrease of 33% from 2012 to 2017.

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 the same as the guideline value for TNHB(4,5,6 Block) 39th Street.

Stamp duty and registration fee for property in TNHB(4,5,6 Block) 39th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total 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, bringing the total charges to Rs 2,74,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers TNHB(4,5,6 Block) 39th Street?

The TNHB(4,5,6 Block) 39th 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 property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. In such cases, the stamp duty is charged based on the higher amount, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for TNHB(4,5,6 Block) 39th Street?

The current guideline value for TNHB(4,5,6 Block) 39th Street is Rs 3,050 per sq.ft, effective from 1 July 2024.

How much 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% over the years.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in TNHB(4,5,6 Block) 39th Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for TNHB(4,5,6 Block) 39th Street?

The Sub Registrar Office covering TNHB(4,5,6 Block) 39th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this area?

The land classification for TNHB(4,5,6 Block) 39th Street is Residential Class III Type - I.