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Guideline Value

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Guideline Value for Thirumalai Nagar extension Road ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thirumalai Nagar Extension Road ( 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 Extension Road ( Ward No.24 )

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Thirumalai Nagar extension Road ( Ward No.24 ) guideline value

The current guideline value of Thirumalai Nagar extension Road ( Ward No.24 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumalai Nagar extension Road ( Ward No.24 ) has changed

The guideline value for Thirumalai Nagar extension Road has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. In 2017, this value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. However, in the latest revision for 2024, the guideline value increased to Rs 2,700 per sq.ft, representing a significant rise of 61% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value across these streets is Rs 1,600 per sq.ft, placing Thirumalai Nagar extension Road's 2024 figure above this median.

Stamp duty and registration fee for property in Thirumalai Nagar extension Road ( 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 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 cost for duty and registration to 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 Thirumalai Nagar extension Road ( Ward No.24 )?

The Sub Registrar Office that covers Thirumalai Nagar extension Road ( Ward No.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 plays a crucial role in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar extension Road ( Ward No.24 )?

The current guideline value of Thirumalai Nagar extension Road ( 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. Overall, from 2012 to 2024, there has been an increase of 8%.

What is the classification of land on Thirumalai Nagar extension Road?

The land classification for Thirumalai Nagar extension Road ( Ward No.24 ) is Residential Special Type - I.

What is the registration office for properties in this area?

The registration office for properties in Thirumalai Nagar extension Road ( Ward No.24 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.