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Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 5th Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 5th 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) 5th Street

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TNHB(7th Block) 5th Street guideline value

The current guideline value of TNHB(7th Block) 5th Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of TNHB(7th Block) 5th Street has changed

The guideline value for TNHB(7th Block) 5th Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in both 2003 and 2007. A significant jump occurred in 2012, where the value rose to Rs 2,750 per sq.ft, but it dropped to Rs 1,842 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,750 per sq.ft, and the latest revision in 2024 set it at Rs 3,050 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +122%. The value remained the same from 2003 to 2007, and then there was a remarkable +450% increase from 2007 to 2012. However, from 2012 to 2017, the value decreased by -33%. The guideline value saw a significant increase of +49% from 2017 to 2023, and from 2023 to 2024, it increased by +11%. 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 carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for TNHB(7th Block) 5th Street aligns with this median.

Stamp duty and registration fee for property in TNHB(7th Block) 5th 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 to 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 information.

Which Sub Registrar Office covers TNHB(7th Block) 5th Street?

The TNHB(7th Block) 5th Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more details, you can find your SRO.

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

The guideline value plays a crucial role 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 transactions are conducted fairly and transparently.

When a buyer purchases property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in standardizing the costs associated with property transactions, making it easier for buyers and sellers to understand their financial obligations.

Frequently asked questions

What is the current guideline value of TNHB(7th Block) 5th Street?

The current guideline value of TNHB(7th Block) 5th 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 the years.

What is the land classification for TNHB(7th Block) 5th Street?

TNHB(7th Block) 5th Street is classified as Residential Class III Type - I.

Where can I find the registration office for TNHB(7th Block) 5th Street?

The registration office for TNHB(7th Block) 5th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in TNHB(7th Block) 5th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,13,500 at the current guideline value of Rs 30,50,000.