Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Thanikachalam Nagar F Block,Ponniammanmedu (Ward-24)

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar F Block,ponniammanmedu (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 ₹1675 /sq.ft.
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,ponniammanmedu (ward-24)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Thanikachalam Nagar F Block,Ponniammanmedu (Ward-24) guideline value

The current guideline value of Thanikachalam Nagar F Block, Ponniammanmedu (Ward-24) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I and falls under the Madhavaram village and Madhavaram SRO.

How the guideline value of Thanikachalam Nagar F Block,Ponniammanmedu (Ward-24) has changed

The guideline value for Thanikachalam Nagar F Block has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft. This figure was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,700 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 49%. The latest revision from 2023 to 2024 shows an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madhavaram

The guideline values in Madhavaram vary significantly, with the 2024 figures for 1,946 streets under the Madhavaram SRO ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Thanikachalam Nagar F Block well above the median at Rs 2,700 per sq.ft.

Stamp duty and registration fee for property in Thanikachalam Nagar F Block,Ponniammanmedu (Ward-24)

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, while 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanikachalam Nagar F Block,Ponniammanmedu (Ward-24)?

The Sub Registrar Office that covers Thanikachalam Nagar F Block, Ponniammanmedu (Ward-24) 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 registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar F Block?

The current guideline value of Thanikachalam Nagar F Block, Ponniammanmedu (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 changed significantly from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,700 per sq.ft in 2024.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Thanikachalam Nagar F Block, Ponniammanmedu (Ward-24). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thanikachalam Nagar F Block?

Thanikachalam Nagar F Block is classified as Residential Special Type - I, which indicates its suitability for residential purposes under the guidelines set by the local authorities.