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Guideline Value

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Guideline Value for Thanikachalam Nagar 4th St ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 4th 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 4th St ( Ward No.24 )

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Thanikachalam Nagar 4th St ( Ward No.24 ) guideline value

The current guideline value for Thanikachalam Nagar 4th 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, classified as Residential Special Type - I.

How the guideline value of Thanikachalam Nagar 4th St ( Ward No.24 ) has changed

Over the years, the guideline value for Thanikachalam Nagar 4th St has seen several revisions. 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 most recent 2024 revision has raised it to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 8%. The changes between revisions are as follows: from 2017 to 2023, there was a significant increase of 49%, while the period from 2012 to 2017 saw a decrease of 33%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry 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 for Thanikachalam Nagar 4th St is above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 4th 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. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thanikachalam Nagar 4th St ( Ward No.24 )?

The Sub Registrar Office that covers Thanikachalam Nagar 4th St ( Ward No.24 ) 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 during the registration process when buying or selling property in Madhavaram. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the authorities will assess either the guideline value or the sale price, whichever is higher, to determine the applicable fees. This ensures that the transaction adheres to legal standards and reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar 4th St ( Ward No.24 )?

The current guideline value for Thanikachalam Nagar 4th 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 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. From 2017 to 2023, it increased by 49%, while it decreased by 33% from 2012 to 2017.

What is the land classification for Thanikachalam Nagar 4th St?

Thanikachalam Nagar 4th St 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 covering Thanikachalam Nagar 4th St ( Ward No.24 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

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