Guideline Value for Thanikachalam Nagar E Block Kamarajsalai (Ward-23)

Thanikachalam Nagar E Block Kamarajsalai (Ward-23) guideline value

The current guideline value of Thanikachalam Nagar E Block Kamarajsalai (Ward-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, classified as Residential Special Type - I.

How the guideline value of Thanikachalam Nagar E Block Kamarajsalai (Ward-23) has changed

The guideline value for Thanikachalam Nagar E Block Kamarajsalai has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not contain figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values 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 E Block Kamarajsalai's 2024 figure above this median.

• Thanikachalam Nagar E Block Kamaraj 3rd St (Ward-23): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar E Block Mahathmaganthi st (Ward-23): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar E Block Kamaraj 2nd St (Ward-23): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar E Block, Ponniammanmedu (Ward-23): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar E Block Kamaraj 1st St (Ward-23): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar E Block Rajaji 1st St (Ward-23): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thanikachalam Nagar E Block Kamarajsalai (Ward-23)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar E Block Kamarajsalai (Ward-23)?

The Sub Registrar Office that covers Thanikachalam Nagar E Block Kamarajsalai (Ward-23) 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 a crucial factor during the registration of property in Madhavaram. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction, including stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar E Block Kamarajsalai (Ward-23)?

The current guideline value of Thanikachalam Nagar E Block Kamarajsalai (Ward-23) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for this area?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Thanikachalam Nagar E Block Kamarajsalai?

Thanikachalam Nagar E Block Kamarajsalai is classified as Residential Special Type - I.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 2,43,000.

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

The Madhavaram Sub Registrar Office, which covers Thanikachalam Nagar E Block Kamarajsalai, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.