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Guideline Value

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Guideline Value for Thanickachalam Nagar A Block 4th Cross Street (Ward 21)

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar A Block 4th Cross Street (ward 21) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Thanickachalam Nagar A Block 4th Cross Street (ward 21)

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Thanickachalam Nagar A Block 4th Cross Street (Ward 21) guideline value

The current guideline value of Thanickachalam Nagar A Block 4th Cross Street (Ward 21) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Thanickachalam Nagar A Block 4th Cross Street (Ward 21) has changed

The guideline value has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft. However, it decreased to Rs 1,675 per sq.ft in the 2017 revision. The most recent revision in 2024 has increased the value significantly to Rs 2,700 per sq.ft, marking a 61% increase from the 2017 figure. Overall, from 2012 to 2024, there has been an increase of 8% in the guideline value.

It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2023.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Thanickachalam Nagar A Block 4th Cross Street's 2024 figure above the median.

Stamp duty and registration fee for property in Thanickachalam Nagar A Block 4th Cross Street (Ward 21)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 further calculations.

Which Sub Registrar Office covers Thanickachalam Nagar A Block 4th Cross Street (Ward 21)?

The Sub Registrar Office that covers Thanickachalam Nagar A Block 4th Cross Street (Ward 21) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is set by the government and reflects the value of the property based on its location and classification.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thanickachalam Nagar A Block 4th Cross Street (Ward 21)?

The current guideline value of Thanickachalam Nagar A Block 4th Cross Street (Ward 21) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. Overall, from 2012 to 2024, there has been an increase of 8%.

What is the land classification for this street?

Thanickachalam Nagar A Block 4th Cross Street (Ward 21) is classified as Residential Special Type - I.

Which office handles registrations for this area?

The Madhavaram Sub Registrar Office handles registrations for Thanickachalam Nagar A Block 4th Cross Street (Ward 21). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty for properties in Madhavaram is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.