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Guideline Value

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Guideline Value for Thanikachalam Nagar 80 Feet Road (Ward-21)

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 80 Feet Road (ward-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 80 Feet Road (ward-21)

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Thanikachalam Nagar 80 Feet Road (Ward-21) guideline value

The current guideline value of Thanikachalam Nagar 80 Feet Road (Ward-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 80 Feet Road (Ward-21) has changed

The guideline value for Thanikachalam Nagar 80 Feet Road has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 2,500 per sq.ft, marking a 49% increase from 2017. The most recent revision in 2024 has further increased the value to Rs 2,700 per sq.ft, which is an 8% rise from the previous year.

It is important to note that there are no figures available for this street in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 61%.

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. The median guideline value in this area is Rs 1,600 per sq.ft, which means that Thanikachalam Nagar 80 Feet Road's 2024 figure is above that median.

Stamp duty and registration fee for property in Thanikachalam Nagar 80 Feet Road (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, totaling 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.

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

Which Sub Registrar Office covers Thanikachalam Nagar 80 Feet Road (Ward-21)?

The Sub Registrar Office that covers Thanikachalam Nagar 80 Feet Road (Ward-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 plays a crucial role during the registration of property transactions in Madhavaram. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 80 Feet Road (Ward-21)?

The current guideline value of Thanikachalam Nagar 80 Feet Road (Ward-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. The increase from 2017 to 2023 was 49%, and from 2023 to 2024, it was 8%.

What is the land classification for Thanikachalam Nagar 80 Feet Road?

The land classification for Thanikachalam Nagar 80 Feet Road (Ward-21) is Residential Special Type - I.

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

For a property valued at 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.

Which office handles registrations for Thanikachalam Nagar 80 Feet Road?

The Madhavaram Sub Registrar Office handles registrations for Thanikachalam Nagar 80 Feet Road (Ward-21), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.