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Guideline Value

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Guideline Value for Thanikachalam Nagar 4th Cross st ( Ward No.23 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 4th Cross St ( Ward No.23 ) 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 4th Cross St ( Ward No.23 )

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Thanikachalam Nagar 4th Cross st ( Ward No.23 ) guideline value

The current guideline value of Thanikachalam Nagar 4th Cross st ( Ward No.23 ) 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 4th Cross st ( Ward No.23 ) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the latest 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value for the area is Rs 1,600 per sq.ft, placing Thanikachalam Nagar 4th Cross st ( Ward No.23 ) above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 4th Cross st ( Ward No.23 )

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 cost for these 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 4th Cross st ( Ward No.23 )?

The Sub Registrar Office that covers Thanikachalam Nagar 4th Cross st ( Ward No.23 ) 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 an important factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the value at which property transactions are registered and helps in calculating the applicable stamp duty and registration fees.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 4th Cross st ( Ward No.23 )?

The current guideline value of Thanikachalam Nagar 4th Cross st ( Ward No.23 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 8% over this period.

What is the land classification for Thanikachalam Nagar 4th Cross st ( Ward No.23 )?

The land classification for Thanikachalam Nagar 4th Cross st ( Ward No.23 ) is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at the current guideline value of 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.

Which office handles registrations for Thanikachalam Nagar 4th Cross st ( Ward No.23 )?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Thanikachalam Nagar 4th Cross st ( Ward No.23 ).