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Guideline Value

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

₹2700/sq.ft.

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

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Thanikachalam Nagar B - Block 1st Main Road ( Ward No.23 ) guideline value

The current guideline value for Thanikachalam Nagar B - Block 1st Main Road ( Ward No.23 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Thanikachalam Nagar B - Block 1st Main Road ( Ward No.23 ) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained the same through 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 figure for the years 2002, 2003, 2007, and 2017 for this street.

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 for these streets is Rs 1,600 per sq.ft, placing Thanikachalam Nagar B - Block 1st Main Road above that median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Thanikachalam Nagar B - Block 1st Main Road ( Ward No.23 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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 the basis for calculating the stamp duty and registration fees that must be paid during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar B - Block 1st Main Road?

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

How has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value increased from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft, which is an 8% increase. The 2023 revision also recorded Rs 2,500 per sq.ft, indicating no change from 2012 to 2023.

What is the land classification for this area?

The land classification for Thanikachalam Nagar B - Block 1st Main Road ( Ward No.23 ) is Residential Special Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Thanikachalam Nagar B - Block 1st Main Road is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in this locality.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% that applies to the same value.