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Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 9th Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 9th 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) 9th Street

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TNHB(7th Block) 9th Street guideline value

The current guideline value of TNHB(7th Block) 9th 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 is classified as Residential Class III Type - I.

How the guideline value of TNHB(7th Block) 9th Street has changed

The guideline value for TNHB(7th Block) 9th Street has seen several revisions over the years. In 2002, the guideline value was Rs 225 per sq.ft. This increased to Rs 500 per sq.ft in 2003, remaining unchanged until 2007 when it jumped to Rs 500 per sq.ft again. The next revision in 2012 brought the value to Rs 2,750 per sq.ft, which was a decrease of 33%. In 2017, it rose to Rs 1,842 per sq.ft, and then in 2023, it increased to Rs 2,750 per sq.ft. The most recent revision in 2024 set the value at Rs 3,050 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,256%. There are no figures available for the years not mentioned in the revisions for this street.

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 is Rs 3,050 per sq.ft, which is equal to the current value of TNHB(7th Block) 9th Street.

Stamp duty and registration fee for property in TNHB(7th Block) 9th 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 to Rs 2,74,500. It is important to note that 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) 9th Street?

The TNHB(7th Block) 9th 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 details.

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

The guideline value is crucial during the registration process of a property in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is officially recorded and that the necessary taxes are collected by the government.

Frequently asked questions

What is the current guideline value of TNHB(7th Block) 9th Street?

The current guideline value of TNHB(7th Block) 9th 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 1,256% across the revisions.

What are the other streets in Maduravoyal with the same guideline value?

Other streets in Maduravoyal with the same guideline value of Rs 3,050 per sq.ft include TNHB(7th Block) 8th Street, Main Road, 7th Street, 6th Street, 5th Street, and 4th Street.

What is the registration fee for property in TNHB(7th Block) 9th Street?

The registration fee for property in TNHB(7th Block) 9th Street is 2% of the guideline value, which would be Rs 61,000 for a 1,000 sq.ft plot at the current rate.

Where can I find the Sub Registrar Office for TNHB(7th Block) 9th Street?

The Virugambakkam Sub Registrar Office, which covers TNHB(7th Block) 9th Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.