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Guideline Value

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Guideline Value for Thanikachalam Nagar 7th Main Rd ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 7th 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 7th Main Rd ( Ward No.21 )

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Thanikachalam Nagar 7th Main Rd ( Ward No.21 ) guideline value

The current guideline value for Thanikachalam Nagar 7th 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 7th Main Rd ( Ward No.21 ) has changed

Over the years, the guideline value for Thanikachalam Nagar 7th Main Rd has seen significant changes. The 2017 revision recorded a guideline 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 further increased this value to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 61%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating a substantial rise in the guideline value over this period.

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 7th Main Rd is above this median, highlighting its relative standing within the village.

Stamp duty and registration fee for property in Thanikachalam Nagar 7th Main Rd ( 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, while 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 or the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 7th Main Rd ( Ward No.21 )?

The Sub Registrar Office that covers Thanikachalam Nagar 7th 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 details.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that all transactions are recorded at a fair value.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, making it an important aspect of the transaction process.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 7th Main Rd?

The current guideline value of Thanikachalam Nagar 7th 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 increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, showing a total increase of 61% over this period.

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

For a property valued at 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 Sub Registrar Office is responsible for Thanikachalam Nagar?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, is responsible for Thanikachalam Nagar 7th Main Rd.

What is the land classification for Thanikachalam Nagar 7th Main Rd?

The land classification for Thanikachalam Nagar 7th Main Rd ( Ward No.21 ) is Residential Special Type - I.