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Guideline Value

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Guideline Value for Thirumalai Nagar 4th Main Road Ward 24)

₹2700/sq.ft.

The guideline value for Thirumalai Nagar 4th 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 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 4th Main Road Ward 24)

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Thirumalai Nagar 4th Main Road Ward 24) guideline value

The current guideline value for Thirumalai Nagar 4th Main Road (Ward 24) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumalai Nagar 4th Main Road Ward 24) has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. The latest revision in 2024 has increased this figure to Rs 2,700 per sq.ft, marking an increase of 8%. The register has no figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the guideline value has seen a notable increase from the 2012 figure to the current 2024 figure. The consistent rise reflects changes in the real estate landscape, although specific figures for the intervening years are not available.

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. The median guideline value in this area is Rs 1,600 per sq.ft, placing Thirumalai Nagar 4th Main Road's current value above the median.

Stamp duty and registration fee for property in Thirumalai Nagar 4th Main Road 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, 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar 4th Main Road Ward 24)?

The Sub Registrar Office that covers Thirumalai Nagar 4th 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 information.

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 serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar 4th Main Road Ward 24)?

The current guideline value for Thirumalai Nagar 4th 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 2,700 per sq.ft in 2024, reflecting an increase of 8%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Thirumalai Nagar 4th Main Road Ward 24)?

The land classification for Thirumalai Nagar 4th Main Road (Ward 24) is Residential Special Type - I. This classification is important for determining the purpose of land use in the area.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 27,00,000, the total stamp duty and registration fees would amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Thirumalai Nagar 4th Main Road Ward 24)?

The Sub Registrar Office for Thirumalai Nagar 4th Main Road (Ward 24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.