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Guideline Value

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Guideline Value for Thanikachalam Nagar 1st St ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 1st St ( Ward No.24 ) 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 ₹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 Thanikachalam Nagar 1st St ( Ward No.24 )

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Thanikachalam Nagar 1st St ( Ward No.24 ) guideline value

The current guideline value of Thanikachalam Nagar 1st St ( Ward No.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 Thanikachalam Nagar 1st St ( Ward No.24 ) has changed

The guideline value for Thanikachalam Nagar 1st St has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision brought it up to Rs 2,700 per sq.ft. Notably, there are no figures for this street in the revisions from 2002, 2003, and 2007.

Between the revisions, the changes are as follows: from 2017 to 2023, there was a significant increase of 49%. The value then rose by 8% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO carrying a 2024 guideline value ranging 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 of Thanikachalam Nagar 1st St at Rs 2,700 per sq.ft is above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 1st St ( Ward No.24 )

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. Together, the total fees would amount 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanikachalam Nagar 1st St ( Ward No.24 )?

The Sub Registrar Office that covers Thanikachalam Nagar 1st St ( Ward No.24 ) 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 plays a crucial role in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the actual sale price. If the sale price is higher than the guideline value, the stamp duty and registration fees will be calculated based on the sale price. Conversely, if the guideline value is higher, the fees will be based on that amount.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 1st St ( Ward No.24 )?

The current guideline value of Thanikachalam Nagar 1st St ( Ward No.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, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Thanikachalam Nagar 1st St?

Thanikachalam Nagar 1st St is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Thanikachalam Nagar 1st St?

The Madhavaram Sub Registrar Office covers Thanikachalam Nagar 1st St and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Thanikachalam Nagar 1st St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 2,43,000.