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Guideline Value

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Guideline Value for Thanickachalam Nagar C Block 4th Street (Ward 21)

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar C Block 4th 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 4th Street (ward 21)

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Thanickachalam Nagar C Block 4th Street (Ward 21) guideline value

The current guideline value of Thanickachalam Nagar C Block 4th 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 4th Street (Ward 21) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, 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 2017 in the register for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as per the 2024 figures. The median value for these streets is Rs 1,600 per sq.ft, positioning Thanickachalam Nagar C Block 4th Street above this median.

Stamp duty and registration fee for property in Thanickachalam Nagar C Block 4th Street (Ward 21)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 27,00,000. The stamp duty is calculated at 7%, totaling Rs 1,89,000, and the registration fee is charged at 2%, amounting to Rs 54,000. Together, these fees sum up 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 C Block 4th Street (Ward 21)?

The Sub Registrar Office that covers Thanickachalam Nagar C Block 4th Street (Ward 21) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor in the property registration process in Madhavaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During registration, buyers and sellers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thanickachalam Nagar C Block 4th Street (Ward 21)?

The current guideline value of Thanickachalam Nagar C Block 4th 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 8% over this period.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles property registration for this street?

The Madhavaram Sub Registrar Office handles property registration for Thanickachalam Nagar C Block 4th Street (Ward 21), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thanickachalam Nagar C Block 4th Street?

Thanickachalam Nagar C Block 4th Street is classified as Residential Special Type - I, indicating its intended use for residential purposes.