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Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 8th Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 8th 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) 8th Street

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TNHB(7th Block) 8th Street guideline value

The current guideline value for TNHB(7th Block) 8th 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) 8th Street has changed

The guideline value for TNHB(7th Block) 8th 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 2003. The next revision in 2007 saw a significant jump to Rs 500 per sq.ft, and by 2012, it was Rs 2,750 per sq.ft. The 2017 revision recorded a value of Rs 1,842 per sq.ft, followed by Rs 2,750 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 3,050 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +122%. The 2007 to 2012 period saw a large rise of +450%. However, from 2012 to 2017, the value decreased by -33%. The value then increased by +49% from 2017 to 2023, and the most recent change from 2023 to 2024 is +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 have 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. TNHB(7th Block) 8th Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in TNHB(7th Block) 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value amounts to Rs 30,50,000. The stamp duty, calculated at 7%, would be Rs 2,13,500, while the registration fee at 2% amounts to Rs 61,000. Therefore, the total cost for stamp duty and registration would be 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB(7th Block) 8th Street?

The TNHB(7th Block) 8th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Maduravoyal. It serves as the minimum value against which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value to understand the financial implications. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for TNHB(7th Block) 8th Street?

The current guideline value for TNHB(7th Block) 8th 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 several times, starting from Rs 225 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, reflecting an overall increase of +1256%.

What are the stamp duty rates applicable to TNHB(7th Block) 8th Street?

The stamp duty for properties in TNHB(7th Block) 8th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for TNHB(7th Block) 8th Street?

The Sub Registrar Office for TNHB(7th Block) 8th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets 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) 8th Street.