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Guideline Value

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Guideline Value for Thanikachalam Nagar 7th St ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 7th St ( Ward No.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 N/A
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 7th St ( Ward No.24 )

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Thanikachalam Nagar 7th St ( Ward No.24 ) guideline value

The current guideline value of Thanikachalam Nagar 7th 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 7th St ( Ward No.24 ) has changed

The guideline value for Thanikachalam Nagar 7th St saw its first recorded figure in the 2012 revision at Rs 2,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,700 per sq.ft, marking an 8% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street in the guideline value register.

Guideline values in Madhavaram

In Madhavaram, the guideline values for 1946 streets under the Madhavaram SRO 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 of Thanikachalam Nagar 7th St ( Ward No.24 ) is above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 7th 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 would be Rs 27,00,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanikachalam Nagar 7th St ( Ward No.24 )?

The Sub Registrar Office that covers Thanikachalam Nagar 7th 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 is a crucial factor in the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 7th St ( Ward No.24 )?

The current guideline value of Thanikachalam Nagar 7th 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, representing an 8% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification of Thanikachalam Nagar 7th St ( Ward No.24 )?

Thanikachalam Nagar 7th St ( Ward No.24 ) is classified as Residential Special Type - I.

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

For a 1,000 sq.ft plot at the 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, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Thanikachalam Nagar 7th St ( Ward No.24 ) located?

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