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Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 2nd Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 2nd 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(7th Block) 2nd Street

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TNHB(7th Block) 2nd Street guideline value

The current guideline value for TNHB(7th Block) 2nd 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(7th Block) 2nd Street has changed

The guideline value for TNHB(7th Block) 2nd Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in 2003, and remained unchanged until 2007, when it jumped significantly to Rs 500 per sq.ft again. The next revision in 2012 brought the value up to Rs 2,750 per sq.ft, but it decreased to Rs 1,842 per sq.ft in 2017. Following this, the value rose to Rs 2,750 per sq.ft in 2023, and finally, it reached Rs 3,050 per sq.ft in 2024.

In terms of percentage changes, from 2023 to 2024, there was an increase of 11%. The period from 2017 to 2023 saw a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. The significant jump from 2007 to 2012 was 450%, while there was no change from 2003 to 2007. The value increased by 122% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1256%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that have 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(7th Block) 2nd Street.

Stamp duty and registration fee for property in TNHB(7th Block) 2nd 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, making the total Rs 2,74,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB(7th Block) 2nd Street?

The TNHB(7th Block) 2nd 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 information.

How the guideline value is used when you buy or sell in Maduravoyal

The guideline value is a crucial figure used 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, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which a property can be registered. This value is essential for calculating the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of TNHB(7th Block) 2nd Street?

The current guideline value of TNHB(7th Block) 2nd 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 1256% over this period.

What is the land classification for TNHB(7th Block) 2nd Street?

TNHB(7th Block) 2nd Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total guideline value is Rs 30,50,000, with a stamp duty of Rs 2,13,500 and a registration fee of Rs 61,000, totaling Rs 2,74,500.

Which office handles the registration for TNHB(7th Block) 2nd Street?

The Virugambakkam Sub Registrar Office handles the registration for TNHB(7th Block) 2nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.