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Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 3rd Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 3rd 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) 3rd Street

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TNHB(7th Block) 3rd Street guideline value

The current guideline value of TNHB(7th Block) 3rd 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 falls under the Residential Class III Type - I land classification.

How the guideline value of TNHB(7th Block) 3rd Street has changed

The guideline value for TNHB(7th Block) 3rd Street has undergone several revisions 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 through to 2007. In 2007, the value jumped significantly to Rs 500 per sq.ft, and by 2012, it was revised to Rs 2,750 per sq.ft. However, in 2017, the value decreased to Rs 1,842 per sq.ft. The 2023 revision saw the value rise to Rs 2,750 per sq.ft, and the most recent 2024 revision set it at Rs 3,050 per sq.ft.

Between the revisions, notable changes include an increase of 11% from 2023 to 2024, a substantial increase of 49% from 2017 to 2023, and a decrease of 33% from 2012 to 2017. The most significant increase occurred from 2007 to 2012, with a rise of 450%. 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 with a 2024 guideline value ranging 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 guideline value of TNHB(7th Block) 3rd Street.

Stamp duty and registration fee for property in TNHB(7th Block) 3rd 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, bringing the total cost for these fees to Rs 2,74,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers TNHB(7th Block) 3rd Street?

The TNHB(7th Block) 3rd Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of TNHB(7th Block) 3rd Street?

The current guideline value of TNHB(7th Block) 3rd 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, reflecting an overall increase of 1256% over the years.

What are the stamp duty and registration fees for properties in TNHB(7th Block) 3rd Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,13,500, and the registration fee would be Rs 61,000, totaling Rs 2,74,500.

Which Sub Registrar Office covers TNHB(7th Block) 3rd Street?

The Virugambakkam Sub Registrar Office covers TNHB(7th Block) 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for TNHB(7th Block) 3rd Street?

TNHB(7th Block) 3rd Street is classified as Residential Class III Type - I.