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Guideline Value

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Guideline Value for Thanikachalam Nagar 2nd Cross st ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 2nd Cross 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 2nd Cross St ( Ward No.24 )

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Thanikachalam Nagar 2nd Cross st ( Ward No.24 ) guideline value

The current guideline value of Thanikachalam Nagar 2nd Cross 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 2nd Cross st ( Ward No.24 ) has changed

The guideline value for Thanikachalam Nagar 2nd Cross st has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, before reaching the current figure of Rs 2,700 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from the 2012 revision to the current 2024 figure reflects an increase of 8%.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, placing Thanikachalam Nagar 2nd Cross st's 2024 value above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 2nd Cross 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, bringing the total 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.

For calculating your stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 2nd Cross st ( Ward No.24 )?

The Sub Registrar Office that covers Thanikachalam Nagar 2nd Cross 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. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for both buyers and sellers to be aware of the guideline value, as it directly influences the financial aspects of property transactions. Understanding the current guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 2nd Cross st ( Ward No.24 )?

The current guideline value of Thanikachalam Nagar 2nd Cross 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Thanikachalam Nagar 2nd Cross st?

Thanikachalam Nagar 2nd Cross st is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property 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. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Thanikachalam Nagar 2nd Cross st?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Thanikachalam Nagar 2nd Cross st ( Ward No.24 ).