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Guideline Value

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Guideline Value for Thirumalai Nagar 3rd Cross Street (Ward 24)

₹2700/sq.ft.

The guideline value for Thirumalai Nagar 3rd Cross Street (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 N/A
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 3rd Cross Street (ward 24)

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Thirumalai Nagar 3rd Cross Street (Ward 24) guideline value

The current guideline value for Thirumalai Nagar 3rd Cross Street (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 3rd Cross Street (Ward 24) has changed

The guideline value for Thirumalai Nagar 3rd Cross Street has seen revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. The most recent revision in 2024 increased this figure to Rs 2,700 per sq.ft, marking an increase of 8% from the previous figure. The register has no figures for the years 2003, 2007, 2017, and 2023.

Prior to the 2012 revision, there are no figures available for the years 2002, 2003, 2007, 2017, and 2023. The 2024 revision reflects a significant update in the guideline value for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging 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 for Thirumalai Nagar 3rd Cross Street is above this median.

Stamp duty and registration fee for property in Thirumalai Nagar 3rd Cross Street (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 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 fees to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar 3rd Cross Street (Ward 24)?

The Sub Registrar Office that covers Thirumalai Nagar 3rd Cross Street (Ward 24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is an essential figure used during the registration of property transactions in Madhavaram. It serves as a benchmark to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 3rd Cross Street?

The current guideline value of Thirumalai Nagar 3rd Cross Street (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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, which is an increase of 8%. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the land classification for Thirumalai Nagar 3rd Cross Street?

The land classification for Thirumalai Nagar 3rd Cross Street is Residential Special Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumalai Nagar 3rd Cross Street?

The Sub Registrar Office covering Thirumalai Nagar 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.