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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 12th Main Road

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 12th Main Road in Erukancherry 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 Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class II 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 ₹2300 /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 12th Main Road

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Thiruvalluvar Nagar 12th Main Road guideline value

The current guideline value of Thiruvalluvar Nagar 12th Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 12th Main Road has changed

The guideline value for Thiruvalluvar Nagar 12th Main Road has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 2,300 per sq.ft. This value decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 27%. However, the next revision in 2023 saw a significant increase to Rs 2,500 per sq.ft, followed by another increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 17%. The revisions for the years 2002, 2003, and 2007 do not have figures available for Thiruvalluvar Nagar 12th Main Road in the register.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Thiruvalluvar Nagar 12th Main Road above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 12th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. 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 information on fees applicable to your property.

Which Sub Registrar Office covers Thiruvalluvar Nagar 12th Main Road?

The Sub Registrar Office that covers Thiruvalluvar Nagar 12th Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Erukancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to assess the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 12th Main Road?

The current guideline value of Thiruvalluvar Nagar 12th Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 12th Main Road?

Thiruvalluvar Nagar 12th Main Road 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 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Thiruvalluvar Nagar 12th Main Road?

The Madhavaram Sub Registrar Office handles registrations for Thiruvalluvar Nagar 12th Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.