Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Thanikachalam Nagar 6th Cross St ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 6th 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 N/A
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 6th Cross St ( Ward No.21 )

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Thanikachalam Nagar 6th Cross St ( Ward No.21 ) guideline value

The current guideline value for Thanikachalam Nagar 6th 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 6th Cross St ( Ward No.21 ) has changed

The guideline value for Thanikachalam Nagar 6th Cross St ( Ward No.21 ) has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, which was then increased to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase.

Prior to the 2023 revision, there are no figures available for the years mentioned. The most recent change reflects a notable adjustment in the guideline value, indicating a shift in the valuation for this street.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024, with a median value of Rs 1,600 per sq.ft. Thanikachalam Nagar 6th Cross St ( Ward No.21 ) is positioned above this median, reflecting its current guideline value.

Stamp duty and registration fee for property in Thanikachalam Nagar 6th 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, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 6th Cross St ( Ward No.21 )?

The Sub Registrar Office that covers Thanikachalam Nagar 6th 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 a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value helps ensure that the fees are calculated accurately based on the value of the property, thereby facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar 6th Cross St?

The current guideline value for Thanikachalam Nagar 6th 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 increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thanikachalam Nagar 6th Cross St?

The land classification for Thanikachalam Nagar 6th Cross St ( Ward No.21 ) is Residential Special Type - I. This classification is essential for understanding the permissible uses of the land.

Where can I find the registration office for this area?

The registration office for Thanikachalam Nagar 6th Cross St ( Ward No.21 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.