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Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 4th Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 4th 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) 4th Street

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TNHB(7th Block) 4th Street guideline value

The current guideline value for TNHB(7th Block) 4th 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of TNHB(7th Block) 4th Street has changed

The guideline value for TNHB(7th Block) 4th Street has undergone several revisions since 2002. The 2002 revision set the value at Rs 225 per sq.ft. This figure remained unchanged until the 2003 revision, which also recorded Rs 500 per sq.ft. The 2007 revision saw a significant increase to Rs 500 per sq.ft, and by 2012, the value rose to Rs 2,750 per sq.ft, marking a 450% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 1,842 per sq.ft, a drop of 33% from the 2012 figure.

In the subsequent revisions, the 2023 figure was set at Rs 2,750 per sq.ft, and the latest 2024 revision increased this to Rs 3,050 per sq.ft, reflecting an 11% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,256%.

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 guideline value for these streets is Rs 3,050 per sq.ft, which is equal to the current figure for TNHB(7th Block) 4th Street.

Stamp duty and registration fee for property in TNHB(7th Block) 4th 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, bringing the total cost to Rs 2,74,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(7th Block) 4th Street?

The TNHB(7th Block) 4th 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 an essential factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded accurately for taxation purposes. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for TNHB(7th Block) 4th Street?

The current guideline value for TNHB(7th Block) 4th 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 seen several revisions, starting from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, marking an overall increase of 1,256%.

What is the median guideline value in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft, which is the same as the current value for TNHB(7th Block) 4th Street.

What are the stamp duty and registration fees for a property in TNHB(7th Block) 4th Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 30,50,000. The stamp duty would be Rs 2,13,500, and the registration fee would be Rs 61,000, totaling Rs 2,74,500.

Where can I find the Sub Registrar Office for TNHB(7th Block) 4th Street?

The Virugambakkam Sub Registrar Office covers TNHB(7th Block) 4th Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.