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Guideline Value

Corporate

Guideline Value for Thirupathi Thangavel Nagar 1st St ( Ward No.24 )

₹1600/sq.ft.

The guideline value for Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /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 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 Thirupathi Thangavel Nagar 1st St ( Ward No.24 )

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Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) guideline value

The current guideline value for Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) is Rs 1,600 per sq.ft. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) has changed

The guideline value register has no figures for Thirupathi Thangavel Nagar 1st St for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which has set the guideline value at Rs 1,600 per sq.ft, effective from 1 July 2024.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the only available figure is the current one from 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 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 Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) is equal to this median value.

Stamp duty and registration fee for property in Thirupathi Thangavel Nagar 1st St ( Ward No.24 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Stamp 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 additional calculations.

Which Sub Registrar Office covers Thirupathi Thangavel Nagar 1st St ( Ward No.24 )?

The Sub Registrar Office that covers Thirupathi Thangavel Nagar 1st St ( 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 information.

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

The guideline value is a crucial factor during the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the official value of the property being registered, ensuring that the correct stamp duty and registration fees are applied.

When buying or selling property, the guideline value helps in establishing the minimum price at which a property can be sold or purchased. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Thirupathi Thangavel Nagar 1st St ( Ward No.24 )?

The current guideline value for Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

What are the revisions for the guideline value of this street?

The guideline value register has no recorded figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How does the guideline value compare to other streets in Madhavaram?

The guideline value of Rs 1,600 per sq.ft for Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) is equal to the median value of Rs 1,600 per sq.ft for other streets in Madhavaram as of 2024.

What is the registration fee for property in this area?

The registration fee for property transactions in Thirupathi Thangavel Nagar 1st St ( Ward No.24 ) is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.