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Guideline Value

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Guideline Value for Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 ) 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 A - Block 1st Main Rd ( Ward No.23 )

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Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 ) guideline value

The current guideline value of Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 ) 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 A - Block 1st Main Rd ( Ward No.23 ) has changed

The guideline value for Thanikachalam Nagar A - Block 1st Main Rd has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

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

Guideline values in Madhavaram

The guideline values in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The current guideline value of Rs 2,700 per sq.ft for Thanikachalam Nagar A - Block 1st Main Rd is above this median, indicating a relatively higher valuation within the village.

Stamp duty and registration fee for property in Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 )

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 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.

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

Which Sub Registrar Office covers Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 )?

The Sub Registrar Office that covers Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 ) 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 plays a crucial role in determining the registration fees and stamp duty. The guideline value is the minimum value set by the government for property transactions, ensuring that the property is not undervalued during registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the costs associated with property transactions. The guideline value must be adhered to during the registration process, ensuring transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 )?

The current guideline value of Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and now to Rs 2,700 per sq.ft in 2024. This reflects an overall increase of 61% from 2017 to 2024.

What is the land classification for Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 )?

The land classification for Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 ) is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Thanikachalam Nagar A - Block 1st Main Rd ( Ward No.23 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. 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%.