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Guideline Value

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Guideline Value for Thanikachalam Nagar F Block 5th St (Ward-24)

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar F Block 5th St (ward-24) 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 F Block 5th St (ward-24)

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Thanikachalam Nagar F Block 5th St (Ward-24) guideline value

The current guideline value of Thanikachalam Nagar F Block 5th St (Ward-24) is Rs 2,700 per sq.ft, effective from 1 July 2024. 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 F Block 5th St (Ward-24) has changed

Since the 2012 revision, the guideline value for Thanikachalam Nagar F Block 5th St has seen an increase of 8%. The guideline value was Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The 2024 revision raised the value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. The guideline value remained unchanged at Rs 2,500 per sq.ft from 2012 to 2023 before increasing to the current rate.

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 F Block 5th St is above this median.

Stamp duty and registration fee for property in Thanikachalam Nagar F Block 5th St (Ward-24)

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. Duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Thanikachalam Nagar F Block 5th St (Ward-24)?

The Sub Registrar Office that covers Thanikachalam Nagar F Block 5th St (Ward-24) 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 in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When you buy or sell property, the guideline value helps in assessing the official valuation of the property, which plays a significant role in calculating the costs associated with property registration. It is essential for both parties to understand this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar F Block 5th St (Ward-24)?

The current guideline value of Thanikachalam Nagar F Block 5th St (Ward-24) 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 increased from Rs 2,500 per sq.ft in 2012 and 2023 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% since 2012.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram that share the same guideline value of Rs 2,700 per sq.ft include Thanikachalam Nagar F Block 2nd St, 3rd St, 4th St, 6th St, 7th St, and 8th St.

What is the registration fee for property in Thanikachalam Nagar F Block 5th St?

The registration fee for property in Thanikachalam Nagar F Block 5th St is calculated at 2% of the guideline value. For a property valued at Rs 27,00,000, the registration fee would be Rs 54,000.

Where is the Sub Registrar Office located for this area?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it is responsible for property registrations in this area.