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Guideline Value

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Guideline Value for Thirumalai Nagar 2nd Main Road (Ward 24)

₹2700/sq.ft.

The guideline value for Thirumalai Nagar 2nd Main Road (ward 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 Main Road (ward 24)

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Thirumalai Nagar 2nd Main Road (Ward 24) guideline value

The current guideline value of Thirumalai Nagar 2nd Main Road (Ward 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 Main Road (Ward 24) has changed

The guideline value for Thirumalai Nagar 2nd Main Road has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. However, the 2024 revision has seen a significant increase to Rs 2,700 per sq.ft, marking a 61% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. The changes between the revisions highlight the fluctuations in property values in the area.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range 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 of Rs 2,700 per sq.ft for Thirumalai Nagar 2nd Main Road is above this median.

Stamp duty and registration fee for property in Thirumalai Nagar 2nd Main Road (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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thirumalai Nagar 2nd Main Road (Ward 24)?

The Sub Registrar Office that covers Thirumalai Nagar 2nd Main Road (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 during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of properties.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and helps in assessing the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 2nd Main Road (Ward 24)?

The current guideline value of Thirumalai Nagar 2nd Main Road (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 from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then to Rs 2,700 per sq.ft in 2024. This represents a 61% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

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

Other streets in Madhavaram under the Madhavaram SRO with the same guideline value of Rs 2,700 per sq.ft include Thirumalai Nagar 2nd Cross st, Thirumalai Nagar 2nd St, Thirumalai Nagar 3rd Cross Street, Thirumalai Nagar 1st St, Thirumalai Nagar 3rd Main Road, and Thirumalai Nagar 1st Main Road.

What are the stamp duty and registration fees for properties in Thirumalai Nagar 2nd Main Road?

The stamp duty for properties in Thirumalai Nagar 2nd Main Road is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 2,43,000.

Where is the Sub Registrar Office located for Thirumalai Nagar 2nd Main Road?

The Madhavaram Sub Registrar Office, which covers Thirumalai Nagar 2nd Main Road, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.