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Guideline Value

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Guideline Value for Thanikachalam Nagar 80 feet road ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 80 Feet Road ( 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 80 Feet Road ( Ward No.21 )

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Thanikachalam Nagar 80 feet road ( Ward No.21 ) guideline value

The current guideline value of Thanikachalam Nagar 80 feet road (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 80 feet road ( Ward No.21 ) has changed

Over the years, the guideline value for Thanikachalam Nagar 80 feet road has seen significant changes. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further increased the value to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

From the 2017 revision to the 2024 revision, the overall increase in guideline value is 61%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Thanikachalam Nagar 80 feet road's 2024 figure above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar 80 feet road ( 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% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, bringing the total cost for these fees to 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 80 feet road ( Ward No.21 )?

The Sub Registrar Office that covers Thanikachalam Nagar 80 feet road (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 buying or selling property in Madhavaram. It serves as a standard reference for determining the minimum value of property transactions, ensuring that properties are registered at a fair value as per government norms.

When a property is sold, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps maintain a consistent valuation across the region.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 80 feet road ( Ward No.21 )?

The current guideline value of Thanikachalam Nagar 80 feet road (Ward No.21) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, reflecting a total increase of 61% over this period.

What are the other streets with the same guideline value in Madhavaram?

Other streets in Madhavaram with the same guideline value of Rs 2,700 per sq.ft in 2024 include Thanikachalam Nagar 8th St, 7th St, 9th St, 7th Main Rd, and A - Block 1st Main Rd.

What is the registration office for Thanikachalam Nagar 80 feet road ( Ward No.21 )?

The registration office for Thanikachalam Nagar 80 feet road (Ward No.21) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Madhavaram?

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