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Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 6th Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 6th 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) 6th Street

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TNHB(7th Block) 6th Street guideline value

The current guideline value for TNHB(7th Block) 6th Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of TNHB(7th Block) 6th Street has changed

The guideline value for TNHB(7th Block) 6th Street has seen several revisions over the years. In 2002, the value was Rs 225 per sq.ft, which increased to Rs 500 per sq.ft in both 2003 and 2007. The 2012 revision brought the value back to Rs 2,750 per sq.ft, but this was followed by a significant drop to Rs 1,842 per sq.ft in 2017. The value then increased to Rs 2,750 per sq.ft in 2023, and finally rose to Rs 3,050 per sq.ft in 2024.

Between these revisions, there were notable changes. From 2002 to 2024, the overall increase was +1256%. The change from 2023 to 2024 was +11%, while from 2017 to 2023, the increase was +49%. The 2012 to 2017 period saw a decrease of -33%, and the 2007 to 2012 period experienced a substantial increase of +450%. The values for 2003 to 2007 remained unchanged, and from 2002 to 2003, there was an increase of +122%.

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 the same as the guideline value for TNHB(7th Block) 6th Street.

Stamp duty and registration fee for property in TNHB(7th Block) 6th 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, making the total fees 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.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(7th Block) 6th Street?

The TNHB(7th Block) 6th 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

When buying or selling property in Maduravoyal, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

At the time of registration, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for TNHB(7th Block) 6th Street?

The current guideline value for TNHB(7th Block) 6th 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 this period.

What are the stamp duty and registration fees for a property in this area?

For a property of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 2,74,500, which includes stamp duty and registration fees.

Which Sub Registrar Office handles registrations for TNHB(7th Block) 6th Street?

The Virugambakkam Sub Registrar Office is responsible for registrations in TNHB(7th Block) 6th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for TNHB(7th Block) 6th Street?

The land classification for TNHB(7th Block) 6th Street is Residential Class III Type - I.