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Guideline Value for Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar A - Block 4th Main Rd & Cross 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 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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 4th Main Rd & Cross Rd ( Ward No.21 )

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Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 ) guideline value

The current guideline value for Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 ) is Rs 2,700 per sq.ft. This property is located in Madhavaram village and falls under the Madhavaram SRO. The land classification is Residential Special Type - I.

How the guideline value of Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 ) has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram vary significantly, with the 2024 figures ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for the village is Rs 1,600 per sq.ft, placing Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 ) above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 )

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, 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, bringing the total 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 )?

The Sub Registrar Office that covers Thanikachalam Nagar A - Block 4th Main Rd & Cross 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 an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected value of the property. It is crucial to consider this value during negotiations and when calculating the necessary fees for registration.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 )?

The current guideline value for Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 ) is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 8% over this period.

What is the land classification for this property?

The land classification for Thanikachalam Nagar A - Block 4th Main Rd & Cross Rd ( Ward No.21 ) is Residential Special Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How do I calculate the stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value. For example, 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.