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Guideline Value

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Guideline Value for Thanikachalam Nagar C Block Cross Rd ( Ward No.21 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar C Block Cross Rd ( Ward No.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 C Block Cross Rd ( Ward No.21 )

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Thanikachalam Nagar C Block Cross Rd ( Ward No.21 ) guideline value

The current guideline value of Thanikachalam Nagar C Block Cross Rd ( Ward No.21 ) is Rs 2,700 per sq.ft. 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 C Block Cross Rd ( Ward No.21 ) has changed

The guideline value for Thanikachalam Nagar C Block Cross Rd has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. In the latest revision in 2024, the guideline value increased to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 figure.

There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only figures available are from 2012 and 2024.

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 in this area is Rs 1,600 per sq.ft, which indicates that the guideline value for Thanikachalam Nagar C Block Cross Rd is above the median.

Stamp duty and registration fee for property in Thanikachalam Nagar C Block Cross Rd ( 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% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thanikachalam Nagar C Block Cross Rd ( Ward No.21 )?

The Sub Registrar Office that covers Thanikachalam Nagar C Block Cross Rd 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 in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the land records.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value helps in calculating the stamp duty and registration fees. This ensures that the fees are based on the current market standards set by the government.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar C Block Cross Rd?

The current guideline value of Thanikachalam Nagar C Block Cross Rd ( Ward No.21 ) is Rs 2,700 per sq.ft as per the 2024 revision.

When did the guideline value last change?

The guideline value for Thanikachalam Nagar C Block Cross Rd last changed in 2024, increasing from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft.

What is the land classification for Thanikachalam Nagar C Block Cross Rd?

The land classification for Thanikachalam Nagar C Block Cross Rd 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 is the stamp duty calculated for properties in Thanikachalam Nagar C Block Cross Rd?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 1,89,000.