Guideline Value

Corporate

Guideline Value for Thirumalai Nagar Extension-II

₹2700/sq.ft.

The guideline value for Thirumalai Nagar Extension-ii in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. 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 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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-ii

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Thirumalai Nagar Extension-II guideline value

The current guideline value of Thirumalai Nagar Extension-II is Rs 2,700 per sq.ft, effective from 1 July 2024. This area 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-II has changed

The guideline value for Thirumalai Nagar Extension-II has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, marking an 8% rise. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 61%.

It is important to note that there are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. This lack of data means that the changes in guideline value for those years cannot be assessed.

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 value for these streets is Rs 1,600 per sq.ft, positioning Thirumalai Nagar Extension-II's 2024 figure above that median.

Stamp duty and registration fee for property in Thirumalai Nagar Extension-II

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 to Rs 2,43,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar Extension-II?

The Sub Registrar Office that covers Thirumalai Nagar Extension-II 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 the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Extension-II?

The current guideline value of Thirumalai Nagar Extension-II is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, representing a total increase of 61%. The most recent change from 2023 to 2024 was an 8% increase.

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

Other streets in Madhavaram with the same guideline value of Rs 2,700 per sq.ft include Thirumalai Nagar Extension, Thirumalai Nagar extension Road (Ward No.24), Thirumalai Nagar Extn, Ponniammanmedu (Ward-24), Thirumalai Nagar Main Road (Ward No.24), Thirumalai Nagar, Ponniammanmedu (Ward-24), and Thirumalai Nagar Sastri Nagar Main Road (Ward No.24).

What is the registration fee for property transactions in Thirumalai Nagar Extension-II?

The registration fee for property transactions in Thirumalai Nagar Extension-II is 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the registration fee would be Rs 54,000.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can visit this office for any registration-related queries.