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Guideline Value

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Guideline Value for Thanikachalam Nagar 6th Main Rd ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 6th Main Rd ( 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 ₹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 Rd ( Ward No.21 )

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Thanikachalam Nagar 6th Main Rd ( Ward No.21 ) guideline value

The current guideline value for Thanikachalam Nagar 6th Main Rd ( 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 SRO and is classified as Residential Special Type - I.

How the guideline value of Thanikachalam Nagar 6th Main Rd ( Ward No.21 ) has changed

The guideline value for Thanikachalam Nagar 6th Main Rd has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, there has been a total increase of 61%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012.

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 6th Main Rd ( Ward No.21 ) is above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 6th Main Rd ( Ward No.21 )

For a 1,000 sq.ft plot at the current rate, 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. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Thanikachalam Nagar 6th Main Rd ( 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 during property registration in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar 6th Main Rd?

The current guideline value for Thanikachalam Nagar 6th Main Rd ( 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 significantly from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 61% over this period.

What are the stamp duty rates for property in Thanikachalam Nagar 6th Main Rd?

The stamp duty rate for property transactions in Thanikachalam Nagar 6th Main Rd is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this area?

The Madhavaram Sub Registrar Office handles registrations for Thanikachalam Nagar 6th Main Rd ( Ward No.21 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Where can I find more information about guideline values in Madhavaram?

For more information about guideline values in Madhavaram, you can refer to the official guideline value register maintained by the Registration Department, which provides detailed figures for various streets in the area.