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Guideline Value

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

₹2700/sq.ft.

The guideline value for Thanickachalam Nagar G Block 4th 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 ₹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 G Block 4th Cross Street (ward 21)

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

The current guideline value for Thanickachalam Nagar G Block 4th 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 G Block 4th Cross Street (Ward 21) has changed

Over the years, the guideline value for Thanickachalam Nagar G Block 4th Cross Street has seen several revisions. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,675 per sq.ft. This represents a change of +61% from 2017 to 2024. The 2012 revision had a guideline value of Rs 2,500 per sq.ft, marking a decrease of -33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +8%.

It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street. The absence of figures in these years means that the changes in guideline value can only be assessed from the available revisions.

Guideline values in Madhavaram

The guideline values in Madhavaram village for 2024 range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Thanickachalam Nagar G Block 4th Cross Street is above this median, reflecting its unique characteristics and demand.

Stamp duty and registration fee for property in Thanickachalam Nagar G Block 4th 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 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 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 and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanickachalam Nagar G Block 4th Cross Street (Ward 21)?

The Sub Registrar Office that covers Thanickachalam Nagar G Block 4th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the registration reflects a fair value based on the current market conditions as per the established guidelines.

Frequently asked questions

What is the current guideline value of Thanickachalam Nagar G Block 4th Cross Street?

The current guideline value of Thanickachalam Nagar G Block 4th 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 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 increase of +61% from 2017 to 2024 and an overall increase of +8% from 2012 to 2024.

What is the land classification of Thanickachalam Nagar G Block 4th Cross Street?

The land classification for Thanickachalam Nagar G Block 4th Cross Street is Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Thanickachalam Nagar G Block 4th Cross Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.