Guideline Value

Corporate

Guideline Value for Thangavelu Street

₹2200/sq.ft.

The guideline value for Thangavelu Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Thangavelu Street

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Thangavelu Street guideline value

The current guideline value of Thangavelu Street in Madipakkam-1 village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Velacheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Thangavelu Street has changed

In the revisions of the guideline value for Thangavelu Street, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 2,000 per sq.ft in 2023, which increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

The 2024 revision reflects a significant adjustment in the value of Thangavelu Street. The increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024 indicates a change in the valuation of properties in this area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, positioning Thangavelu Street's 2024 figure below this median.

Stamp duty and registration fee for property in Thangavelu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. 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 on calculating fees.

Which Sub Registrar Office covers Thangavelu Street?

The Sub Registrar Office that covers Thangavelu Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor in property transactions, serving as a benchmark for determining the registration fees and stamp duty payable at the time of registration. When buying or selling property in Madipakkam-1, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property registration. This value is determined by the Registration Department and is periodically revised to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Thangavelu Street?

The current guideline value of Thangavelu Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thangavelu Street was Rs 2,000 per sq.ft in 2023 and increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft. Thangavelu Street's 2024 figure is below this median.

What are the stamp duty and registration fees for Thangavelu Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 22,00,000. The stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Thangavelu Street located?

The Velacheri Sub Registrar Office, which covers Thangavelu Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.