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Guideline Value

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Guideline Value for Thanikachalam Nagar 2/3 Cross St ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 2/3 Cross St ( Ward No.21 ) 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 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 2/3 Cross St ( Ward No.21 )

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Thanikachalam Nagar 2/3 Cross St ( Ward No.21 ) guideline value

The current guideline value for Thanikachalam Nagar 2/3 Cross St ( Ward No.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 Thanikachalam Nagar 2/3 Cross St ( Ward No.21 ) has changed

The guideline value for Thanikachalam Nagar 2/3 Cross St has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an increase of 8% from the 2023 figure of Rs 2,500 per sq.ft. Prior to that, the 2012 revision also had the guideline value at Rs 2,500 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madhavaram

The guideline values for the 1946 streets in Madhavaram 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. Thanikachalam Nagar 2/3 Cross St's 2024 figure is above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 2/3 Cross St ( Ward No.21 )

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling 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 information.

Which Sub Registrar Office covers Thanikachalam Nagar 2/3 Cross St ( Ward No.21 )?

The Sub Registrar Office that covers Thanikachalam Nagar 2/3 Cross St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. The higher value between the guideline value and the sale price is used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar 2/3 Cross St?

The current guideline value for Thanikachalam Nagar 2/3 Cross St ( Ward No.21 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. There was no change in the value from 2012 to 2023.

What is the land classification for Thanikachalam Nagar 2/3 Cross St?

The land classification for Thanikachalam Nagar 2/3 Cross St is Residential Special Type - I. This classification is important for understanding the zoning and usage of the land.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Thanikachalam Nagar 2/3 Cross St and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.