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Guideline Value

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Guideline Value for TNHB(7th Block) 13th Street & TNHB 9th Block Streets

₹3050/sq.ft.

The guideline value for Tnhb(7th Block) 13th Street & Tnhb 9th Block Streets 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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) 13th Street & Tnhb 9th Block Streets

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TNHB(7th Block) 13th Street & TNHB 9th Block Streets guideline value

The current guideline value for TNHB(7th Block) 13th Street & TNHB 9th Block Streets is Rs 3,050 per sq.ft, effective from 1 July 2024. These streets are 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) 13th Street & TNHB 9th Block Streets has changed

The guideline value for TNHB(7th Block) 13th Street & TNHB 9th Block Streets has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,750 per sq.ft. This figure remained the same in the 2012 revision and then dropped to Rs 1,842 per sq.ft in the 2017 revision, marking a decrease of 33%. Subsequently, the value increased significantly to Rs 2,750 per sq.ft in the 2023 revision, and then further rose to Rs 3,050 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 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 value is Rs 3,050 per sq.ft, and the guideline value for TNHB(7th Block) 13th Street & TNHB 9th Block Streets is equal to this median.

Stamp duty and registration fee for property in TNHB(7th Block) 13th Street & TNHB 9th Block Streets

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, making the total 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TNHB(7th Block) 13th Street & TNHB 9th Block Streets?

The TNHB(7th Block) 13th Street & TNHB 9th Block Streets fall 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 an essential figure used during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in real estate dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for TNHB(7th Block) 13th Street & TNHB 9th Block Streets?

The current guideline value for TNHB(7th Block) 13th Street & TNHB 9th Block Streets 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 2,750 per sq.ft in 2012 to Rs 1,842 per sq.ft in 2017, then to Rs 2,750 per sq.ft in 2023, and finally to Rs 3,050 per sq.ft in 2024.

What is the land classification for TNHB(7th Block) 13th Street & TNHB 9th Block Streets?

The land classification for TNHB(7th Block) 13th Street & TNHB 9th Block Streets is Residential Class III Type - I.

Where can I find the Sub Registrar Office for these streets?

The Sub Registrar Office for TNHB(7th Block) 13th Street & TNHB 9th Block Streets is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

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 at Rs 3,050 per sq.ft, the total guideline value would be Rs 30,50,000, leading to a stamp duty of Rs 2,13,500.