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Guideline Value

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Guideline Value for Thanickachalam Nagar A Block 4th Cross Street 2nd Line (Ward 21)

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar A Block 4th Cross Street 2nd Line (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 2nd Line (ward 21)

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Thanickachalam Nagar A Block 4th Cross Street 2nd Line (Ward 21) guideline value

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

How the guideline value of Thanickachalam Nagar A Block 4th Cross Street 2nd Line (Ward 21) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 2,700 per sq.ft, reflecting a rise of 61%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register does not provide figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram, there are a total of 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 the 2024 figure for Thanickachalam Nagar A Block 4th Cross Street above this median.

Stamp duty and registration fee for property in Thanickachalam Nagar A Block 4th Cross Street 2nd Line (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, bringing the total to Rs 2,43,000. 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 Thanickachalam Nagar A Block 4th Cross Street 2nd Line (Ward 21)?

The Sub Registrar Office covering Thanickachalam Nagar A Block 4th Cross Street 2nd Line (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 is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thanickachalam Nagar A Block 4th Cross Street 2nd Line?

The current guideline value for Thanickachalam Nagar A Block 4th Cross Street 2nd Line (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 to Rs 2,700 per sq.ft in 2024, reflecting various increases and decreases during these revisions.

What is the land classification for this street?

The land classification for Thanickachalam Nagar A Block 4th Cross Street 2nd Line (Ward 21) is Residential Special Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is stamp duty calculated in Madhavaram?

Stamp duty in Madhavaram is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct amount of duty is paid during the registration process.