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Guideline Value

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Guideline Value for Thanickachalam Nagar B Block 5th Main Road (Ward 21)

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar B Block 5th Main Road (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 5th Main Road (ward 21)

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Thanickachalam Nagar B Block 5th Main Road (Ward 21) guideline value

The current guideline value for Thanickachalam Nagar B Block 5th Main Road (Ward 21) is Rs 2,700 per sq.ft, effective from 1 July 2024. This property 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 5th Main Road (Ward 21) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has seen a significant increase, bringing the value up to Rs 2,700 per sq.ft, which is a 61% rise from the 2017 figure. 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 revisions in 2023, 2007, 2003, and 2002 for this street. Thus, the only relevant revisions are from 2012, 2017, and 2024.

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. The median value for these streets is Rs 1,600 per sq.ft, making the current value of Thanickachalam Nagar B Block 5th Main Road (Ward 21) above the median.

Stamp duty and registration fee for property in Thanickachalam Nagar B Block 5th Main Road (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 charges to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanickachalam Nagar B Block 5th Main Road (Ward 21)?

The Sub Registrar Office that covers Thanickachalam Nagar B Block 5th Main Road (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 when buying or selling property in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Thanickachalam Nagar B Block 5th Main Road (Ward 21)?

The current guideline value for Thanickachalam Nagar B Block 5th Main Road (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. This represents an overall increase of 8% from 2012 to 2024.

What are the registration fees for property in Thanickachalam Nagar B Block 5th Main Road (Ward 21)?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 27,00,000 incurs a total fee of Rs 2,43,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thanickachalam Nagar B Block 5th Main Road (Ward 21) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thanickachalam Nagar B Block 5th Main Road (Ward 21)?

The land classification for Thanickachalam Nagar B Block 5th Main Road (Ward 21) is Residential Special Type - I, indicating its intended use for residential purposes.