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Guideline Value

Corporate

Guideline Value for Thanikachalam Nagar 6th Main 2nd Cross St (Ward-21)

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 6th Main 2nd Cross St (ward-21) 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 ₹1675 /sq.ft.
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 Main 2nd Cross St (ward-21)

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Thanikachalam Nagar 6th Main 2nd Cross St (Ward-21) guideline value

The current guideline value for Thanikachalam Nagar 6th Main 2nd Cross St (Ward-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 Main 2nd Cross St (Ward-21) has changed

The guideline value for Thanikachalam Nagar 6th Main 2nd Cross St has undergone significant changes over the years. In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,700 per sq.ft, marking a substantial increase of 61% from the previous figure.

The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2017 and 2024.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram vary significantly. In 2024, there are 1,946 streets under the Madhavaram SRO, with values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that Thanikachalam Nagar 6th Main 2nd Cross St's current value is above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 6th Main 2nd Cross St (Ward-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. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanikachalam Nagar 6th Main 2nd Cross St (Ward-21)?

The Sub Registrar Office that covers Thanikachalam Nagar 6th Main 2nd Cross St (Ward-21) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

When buying or selling property in Madhavaram, the guideline value is a crucial factor in determining the registration fees and stamp duty. This value is set by the government and is used as a benchmark for calculating the costs associated with property transactions.

It is important to note that the guideline value may differ from the actual sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar 6th Main 2nd Cross St?

The current guideline value for Thanikachalam Nagar 6th Main 2nd Cross St (Ward-21) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 1,675 per sq.ft to the 2024 revision of Rs 2,700 per sq.ft, the guideline value has increased by 61%.

What is the land classification for this area?

The land classification for Thanikachalam Nagar 6th Main 2nd Cross St (Ward-21) is Residential Special Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or 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.