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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar (Ward-05)

₹1600/sq.ft.

The guideline value for Thiruvalluvar Nagar (ward-05) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. 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 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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 Thiruvalluvar Nagar (ward-05)

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Thiruvalluvar Nagar (Ward-05) guideline value

The current guideline value for Thiruvalluvar Nagar (Ward-05) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar (Ward-05) has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023. Prior to that, the value remained unchanged at Rs 1,500 per sq.ft since the 2012 revision. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 7%. The change from 2023 to 2024 reflects a 7% increase, while there was no change from 2012 to 2023.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values 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, making the guideline value for Thiruvalluvar Nagar (Ward-05) equal to this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar (Ward-05)

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 fees to Rs 1,44,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar (Ward-05)?

The Sub Registrar Office that covers Thiruvalluvar Nagar (Ward-05) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar (Ward-05)?

The current guideline value of Thiruvalluvar Nagar (Ward-05) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. From 2012 to 2024, the overall increase is also 7%.

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

Other streets in Madhavaram with a guideline value of Rs 1,600 per sq.ft include Thiruvalluvar Nagar Street (Ward No.5), Thiruvalluvar Nagar Phase-2, and several others. All these streets have the same guideline value as Thiruvalluvar Nagar (Ward-05).

What fees are associated with buying property in Thiruvalluvar Nagar?

When buying property in Thiruvalluvar Nagar, you will incur stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 16,00,000, the total fees would be Rs 1,44,000.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar?

The Sub Registrar Office for Thiruvalluvar Nagar (Ward-05) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the relevant link.