Guideline Value for Thiruvalluvar 4th st ( Ward No.13 )

Thiruvalluvar 4th st ( Ward No.13 ) guideline value

The current guideline value of Thiruvalluvar 4th st ( Ward No.13 ) is Rs 1,600 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 Class II Type - I.

How the guideline value of Thiruvalluvar 4th st ( Ward No.13 ) has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram range 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 Thiruvalluvar 4th st ( Ward No.13 ) is equal to this median value.

• Thiruvalluvar 3rd st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar 2nd st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Cross 1st st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• Thiruppur Kumaran st ( Ward No.22 ): Rs 1,300 per sq.ft (2024)
• Thirupathi Thangavel Nagar (Ward-24): Rs 1,600 per sq.ft (2024)
• Thirupathi Thangavel Nagar 2nd St ( Ward No.24 ): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar 4th st ( Ward No.13 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar 4th st ( Ward No.13 )?

The Sub Registrar Office that covers Thiruvalluvar 4th st ( Ward No.13 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar 4th st ( Ward No.13 )?

The current guideline value of Thiruvalluvar 4th st ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 1,500 per sq.ft to Rs 1,600 per sq.ft in 2024, reflecting a total increase of 7%. The value remained unchanged from 2012 to 2023.

What is the land classification for Thiruvalluvar 4th st ( Ward No.13 )?

The land classification for Thiruvalluvar 4th st ( Ward No.13 ) is Residential Class II Type - I, indicating its suitability for residential development.

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 property registrations for the area.

How is stamp duty calculated in Madhavaram?

Stamp duty in Madhavaram is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the true value of the property being registered.