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Guideline Value

Corporate

Guideline Value for Thirupathi Thangavel Nagar 2nd St ( Ward No.24 )

₹1600/sq.ft.

The guideline value for Thirupathi Thangavel Nagar 2nd 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 ₹1200 /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 Thirupathi Thangavel Nagar 2nd St ( Ward No.24 )

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Thirupathi Thangavel Nagar 2nd St ( Ward No.24 ) guideline value

The current guideline value for Thirupathi Thangavel Nagar 2nd St ( Ward No.24 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Thirupathi Thangavel Nagar 2nd St ( Ward No.24 ) has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. In the latest 2024 revision, the value increased to Rs 1,600 per sq.ft, marking a change of +33% from the 2012 figure. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 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. The median guideline value is Rs 1,600 per sq.ft, which is equal to the current value for Thirupathi Thangavel Nagar 2nd St ( Ward No.24 ).

Stamp duty and registration fee for property in Thirupathi Thangavel Nagar 2nd St ( Ward No.24 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value totals Rs 16,00,000. The stamp duty at 7% amounts to Rs 1,12,000, and the registration fee at 2% totals Rs 32,000, making the total Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirupathi Thangavel Nagar 2nd St ( Ward No.24 )?

The Sub Registrar Office that covers Thirupathi Thangavel Nagar 2nd 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 an essential factor when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees applicable during the registration process.

When a property is sold, the guideline value helps in assessing the legal value of the property, ensuring that the transaction is recorded accurately in the official registry. This value is crucial for both buyers and sellers to understand their financial obligations during the sale.

Frequently asked questions

What is the current guideline value for Thirupathi Thangavel Nagar 2nd St ( Ward No.24 )?

The current guideline value for Thirupathi Thangavel Nagar 2nd St ( Ward No.24 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street was Rs 1,200 per sq.ft in 2012 and increased to Rs 1,600 per sq.ft in 2024, which is a +33% change. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023.

What is the land classification for Thirupathi Thangavel Nagar 2nd St?

Thirupathi Thangavel Nagar 2nd St is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for Thirupathi Thangavel Nagar 2nd St ( Ward No.24 ).