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Guideline Value

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Guideline Value for Thanikachalam Nagar B Block 6th Main Road (Ward-21)

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar B Block 6th Main Road (ward-21) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. 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 N/A
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 6th Main Road (ward-21)

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Thanikachalam Nagar B Block 6th Main Road (Ward-21) guideline value

The current guideline value of Thanikachalam Nagar B Block 6th Main Road (Ward-21) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thanikachalam Nagar B Block 6th Main Road (Ward-21) has changed

The guideline value for Thanikachalam Nagar B Block 6th Main Road has seen revisions over the years. The 2012 revision recorded a guideline value of Rs 2,500 per sq.ft. From 2012 to 2024, the guideline value increased by 8%, reaching the current figure of Rs 2,700 per sq.ft. The register has no figures for the years 2003, 2007, 2017, and 2023.

In summary, the only recorded revisions for this street are from 2012 and the current 2024 revision. The increase from Rs 2,500 to Rs 2,700 reflects the changes in the guideline value over this period.

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, with a median value of Rs 1,600 per sq.ft. The guideline value for Thanikachalam Nagar B Block 6th Main Road is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Thanikachalam Nagar B Block 6th Main 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 detailed calculations.

Which Sub Registrar Office covers Thanikachalam Nagar B Block 6th Main Road (Ward-21)?

The Sub Registrar Office that covers Thanikachalam Nagar B Block 6th Main 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 is an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions are conducted at fair valuations.

When buying or selling property, the guideline value aids in calculating the stamp duty and registration fees, which are mandatory for completing the registration process. Buyers should be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar B Block 6th Main Road?

The current guideline value of Thanikachalam Nagar B Block 6th Main 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 from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an increase of 8% over this period. There are no recorded figures for the years 2003, 2007, 2017, and 2023.

What is the land classification for this area?

The land classification for Thanikachalam Nagar B Block 6th Main Road (Ward-21) is Residential Special Type - I. This classification is important for understanding the type of developments allowed in the area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the Madhavaram area.

How is stamp duty calculated for properties in Madhavaram?

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