Guideline Value

Corporate

Guideline Value for TNHB(7th Block) 10th Street

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 10th 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) 10th Street

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TNHB(7th Block) 10th Street guideline value

The current guideline value for TNHB(7th Block) 10th 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) 10th Street has changed

The guideline value for TNHB(7th Block) 10th 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, and remained unchanged until 2007, when it rose significantly to Rs 500 per sq.ft. The next revision in 2012 brought the value back to Rs 2,750 per sq.ft, followed by a decrease to Rs 1,842 per sq.ft in 2017. The value then increased to Rs 2,750 per sq.ft in 2023, and currently stands at Rs 3,050 per sq.ft as of the 2024 revision.

Between the revisions, notable changes include an increase of 122% from 2002 to 2003, a substantial increase of 450% from 2007 to 2012, and a 49% increase from 2017 to 2023. Overall, from 2002 to 2024, the guideline value has increased by 1,256%.

Guideline values in Maduravoyal

In Maduravoyal village, 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 figure for TNHB(7th Block) 10th Street.

Stamp duty and registration fee for property in TNHB(7th Block) 10th 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 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 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 details.

Which Sub Registrar Office covers TNHB(7th Block) 10th Street?

The TNHB(7th Block) 10th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Maduravoyal. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It plays a significant role in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of TNHB(7th Block) 10th Street?

The current guideline value of TNHB(7th Block) 10th 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, marking an overall increase of 1,256% over the years.

What is the median guideline value in Maduravoyal?

The median guideline value in Maduravoyal is Rs 3,050 per sq.ft, which is the same as the current guideline value for TNHB(7th Block) 10th Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in TNHB(7th Block) 10th Street is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Which office should I visit for property registration?

You should visit the Virugambakkam Sub Registrar Office at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037 for property registration related to TNHB(7th Block) 10th Street.