Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

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

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar C Block 3rd Street (ward 21) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. 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 ₹2500 /sq.ft.
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 C Block 3rd Street (ward 21)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

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

The current guideline value of Thanickachalam Nagar C Block 3rd 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 C Block 3rd Street (Ward 21) has changed

Since the 2012 revision, the guideline value for Thanickachalam Nagar C Block 3rd Street has seen a change from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft in the 2024 revision, marking an overall increase of 8%. The 2023 revision also recorded a guideline value of Rs 2,500 per sq.ft, indicating no change from the previous revision in 2012.

For the years 2002, 2003, 2007, and 2017, the register has no figure for this street. This means that the only revisions with recorded figures are from 2012, 2023, and the current 2024 revision.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with 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 guideline value of Thanickachalam Nagar C Block 3rd Street above this median.

Stamp duty and registration fee for property in Thanickachalam Nagar C Block 3rd 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, bringing the total to Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

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

The Sub Registrar Office that covers Thanickachalam Nagar C Block 3rd 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 aspect of property transactions in Madhavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value serves as a reference point for both parties in the transaction.

Frequently asked questions

What is the current guideline value of Thanickachalam Nagar C Block 3rd Street?

The current guideline value of Thanickachalam Nagar C Block 3rd Street (Ward 21) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%. The 2023 revision also recorded a value of Rs 2,500 per sq.ft.

What is the land classification for this street?

Thanickachalam Nagar C Block 3rd Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. It is the office responsible for property registrations in this area.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.