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Guideline Value

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

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar B Block S.s. 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 N/A
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 S.s. 3rd Cross Street (ward 21)

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

The current guideline value for Thanickachalam Nagar B Block S.S. 3rd 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Thanickachalam Nagar B Block S.S. 3rd Cross Street (Ward 21) has changed

The guideline value for this street has seen changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. The most recent 2024 revision increased this to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only recorded values are from 2012 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with 2024 guideline values 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, and the guideline value for Thanickachalam Nagar B Block S.S. 3rd Cross Street is above this median.

Stamp duty and registration fee for property in Thanickachalam Nagar B Block S.S. 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 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. 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 detailed calculations.

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

The Sub Registrar Office that covers Thanickachalam Nagar B Block S.S. 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 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 sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for Thanickachalam Nagar B Block S.S. 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, which is an 8% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft. Thanickachalam Nagar B Block S.S. 3rd Cross Street's guideline value is above this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Thanickachalam Nagar B Block S.S. 3rd Cross Street is 7%, while the registration fee is 2%. These are calculated based on the higher of the guideline value or the sale price.

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.