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Guideline Value

Corporate

Guideline Value for Thilagar Avenue Errikkarai Main Road

₹3300/sq.ft.

The guideline value for Thilagar Avenue Errikkarai Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Thilagar Avenue Errikkarai Main Road

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Thilagar Avenue Errikkarai Main Road guideline value

The current guideline value of Thilagar Avenue Errikkarai Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thilagar Avenue Errikkarai Main Road has changed

The guideline value for Thilagar Avenue Errikkarai Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year. Overall, the value has risen by 64% from the 2017 figure to the current 2024 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions highlight a 49% increase from 2017 to 2023, and an overall increase of 64% from 2017 to 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Thilagar Avenue Errikkarai Main Road's current value of Rs 3,300 per sq.ft is above this median.

Stamp duty and registration fee for property in Thilagar Avenue Errikkarai Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thilagar Avenue Errikkarai Main Road?

The Sub Registrar Office that covers Thilagar Avenue Errikkarai Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is crucial during property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Thilagar Avenue Errikkarai Main Road?

The current guideline value of Thilagar Avenue Errikkarai Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, and now to Rs 3,300 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Thilagar Avenue Errikkarai Main Road?

The land classification for Thilagar Avenue Errikkarai Main Road is Residential Class I Type - II.

What are the other streets with the same guideline value in Madipakkam-1?

Other streets in Madipakkam-1 with the same guideline value of Rs 3,300 per sq.ft include Thilagar Avenue/Bharath Street, Thilagar Avenue,Balaiah Nagar, Thilagar AvenueAndavar Street, Thilagar Avenue 9th Street, and Thilagar Avenue 9th Cross Street.

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

The Sub Registrar Office for Thilagar Avenue Errikkarai Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.