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Guideline Value

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Guideline Value for Thanikachalam Nagar 5th Cross St ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 5th 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 5th Cross St ( Ward No.21 )

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Thanikachalam Nagar 5th Cross St ( Ward No.21 ) guideline value

The current guideline value for Thanikachalam Nagar 5th Cross St ( Ward No.21 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Thanikachalam Nagar 5th Cross St ( Ward No.21 ) has changed

The guideline value has seen 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 revision of Rs 2,500 per sq.ft. Prior to this, the 2012 revision also recorded a value of Rs 2,500 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. This consistent increase reflects the adjustments made in the most recent years, particularly from 2023 to 2024.

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 5th Cross St ( Ward No.21 ) is above this median, indicating its relative positioning within the locality.

Stamp duty and registration fee for property in Thanikachalam Nagar 5th Cross St ( Ward No.21 )

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, making the total cost for these fees 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 5th Cross St ( Ward No.21 )?

The Sub Registrar Office that covers Thanikachalam Nagar 5th Cross St ( Ward No.21 ) 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 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 when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar 5th Cross St ( Ward No.21 )?

The current guideline value for Thanikachalam Nagar 5th Cross St ( Ward No.21 ) 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, reflecting an 8% increase. There has been no change from 2012 to 2023, where the value remained at Rs 2,500 per sq.ft.

What is the land classification for Thanikachalam Nagar 5th Cross St ( Ward No.21 )?

The land classification for Thanikachalam Nagar 5th Cross St ( Ward No.21 ) is Residential Special Type - I, indicating its designated use within the locality.

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

The stamp duty for a property valued at Rs 27,00,000 is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value of the property.

Which office handles registrations for Thanikachalam Nagar 5th Cross St ( Ward No.21 )?

The Madhavaram Sub Registrar Office handles registrations for Thanikachalam Nagar 5th Cross St ( Ward No.21 ). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.