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Guideline Value

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Guideline Value for Thanickachalam Nagar B Block 3rd Cross Street (Ward 21)

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar B Block 3rd 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 B Block 3rd Cross Street (ward 21)

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Thanickachalam Nagar B Block 3rd Cross Street (Ward 21) guideline value

The current guideline value for Thanickachalam Nagar B Block 3rd Cross Street (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 B Block 3rd Cross Street (Ward 21) has changed

In the revisions of the guideline value, the earliest figure recorded is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The most recent revision in 2024 shows an increase to Rs 2,700 per sq.ft, marking a significant rise of 61% from the previous figure in 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street. The 2012 to 2017 period saw a decrease of 33% in the guideline value.

Guideline values in Madhavaram

In Madhavaram village, 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, with a median value of Rs 1,600 per sq.ft. The guideline value for Thanickachalam Nagar B Block 3rd Cross Street (Ward 21) is above this median.

Stamp duty and registration fee for property in Thanickachalam Nagar B Block 3rd 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 amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanickachalam Nagar B Block 3rd Cross Street (Ward 21)?

The Sub Registrar Office that covers Thanickachalam Nagar B Block 3rd 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 is a crucial factor during property transactions in Madhavaram. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when registering a property. These fees are determined based on the higher of the guideline value or the sale price of the property.

When a buyer decides to purchase property, understanding the guideline value helps them estimate the total costs involved in the transaction. This ensures that they are prepared for the financial obligations that come with property registration in the area.

Frequently asked questions

What is the current guideline value for Thanickachalam Nagar B Block 3rd Cross Street?

The current guideline value for Thanickachalam Nagar B Block 3rd 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 seen several changes, with the most significant increase occurring from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, marking a 61% increase. Overall, from 2012 to 2024, the value increased by 8%.

What is the land classification for this street?

Thanickachalam Nagar B Block 3rd Cross Street (Ward 21) is classified as Residential Special Type - I.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Thanickachalam Nagar B Block 3rd Cross Street (Ward 21), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.