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Guideline Value for Thanickachalam Nagar F Block 2nd Main Road (Ward 24)

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar F Block 2nd Main Road (ward 24) 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 F Block 2nd Main Road (ward 24)

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Thanickachalam Nagar F Block 2nd Main Road (Ward 24) guideline value

The current guideline value for Thanickachalam Nagar F Block 2nd Main Road (Ward 24) 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 F Block 2nd Main Road (Ward 24) has changed

Over the years, the guideline value for Thanickachalam Nagar F Block 2nd Main Road has seen several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease in 2017 to Rs 1,675 per sq.ft, marking a drop of 33%. However, in the 2024 revision, the value increased significantly to Rs 2,700 per sq.ft, representing a 61% rise from the 2017 figure.

In summary, the guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, resulting in an overall increase of 8% over this period. It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value for the village is Rs 1,600 per sq.ft, placing the 2024 figure for Thanickachalam Nagar F Block 2nd Main Road above this median.

Stamp duty and registration fee for property in Thanickachalam Nagar F Block 2nd Main Road (Ward 24)

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 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thanickachalam Nagar F Block 2nd Main Road (Ward 24)?

The Sub Registrar Office that covers Thanickachalam Nagar F Block 2nd Main Road (Ward 24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find more details, you can 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 registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fees and stamp duties are calculated fairly based on this established value.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value for Thanickachalam Nagar F Block 2nd Main Road?

The current guideline value for Thanickachalam Nagar F Block 2nd Main Road (Ward 24) 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 increased to Rs 2,700 per sq.ft in 2024. This represents a decrease of 33% from 2012 to 2017, followed by a 61% increase from 2017 to 2024.

What is the land classification for this area?

Thanickachalam Nagar F Block 2nd Main Road is classified as Residential Special Type - I under the Madhavaram SRO.

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

The Sub Registrar Office for Thanickachalam Nagar F Block 2nd Main Road (Ward 24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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

Stamp duty is calculated at 7% of 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.