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Guideline Value

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Guideline Value for Thirumalai Nagar 2nd Cross st ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thirumalai Nagar 2nd Cross St ( Ward No.24 ) 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 ₹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 Thirumalai Nagar 2nd Cross St ( Ward No.24 )

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Thirumalai Nagar 2nd Cross st ( Ward No.24 ) guideline value

The current guideline value of Thirumalai Nagar 2nd Cross st ( Ward No.24 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thirumalai Nagar 2nd Cross st ( Ward No.24 ) has changed

The guideline value for Thirumalai Nagar 2nd Cross st has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. This was followed by a decrease in the 2017 revision, which recorded a guideline value of Rs 1,675 per sq.ft, marking a decline of 33%. However, the 2024 revision saw a significant increase to Rs 2,700 per sq.ft, representing a 61% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 8%. The register does not have figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value for the village is Rs 1,600 per sq.ft, placing Thirumalai Nagar 2nd Cross st's 2024 figure above this median.

Stamp duty and registration fee for property in Thirumalai Nagar 2nd Cross st ( Ward No.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, 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.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thirumalai Nagar 2nd Cross st ( Ward No.24 )?

The Sub Registrar Office that covers Thirumalai Nagar 2nd Cross st ( Ward No.24 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, click here.

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 buyers must pay when purchasing property. This value is established by the government and is intended to reflect the market conditions in the area.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar 2nd Cross st?

The current guideline value for Thirumalai Nagar 2nd Cross st ( Ward No.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 from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 8%.

What is the land classification for Thirumalai Nagar 2nd Cross st?

The land classification for Thirumalai Nagar 2nd Cross st ( Ward No.24 ) is Residential Special Type - I.

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

The Sub Registrar Office for Thirumalai Nagar 2nd Cross st is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,700 per sq.ft would incur a total stamp duty of Rs 1,89,000.