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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 13th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 13th Cross Street 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 ₹1800 /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 13th Cross Street

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Thiruvalluvar Nagar 13th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 13th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, and it is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 13th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 13th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, when the guideline value was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, and then an increase to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Between the revisions, there have been significant changes. The guideline value rose by 49% from 2017 to 2023, while it decreased by 7% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 50%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 2,500 per sq.ft. The guideline value for Thiruvalluvar Nagar 13th Cross Street is above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 13th Cross Street

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, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 13th Cross Street?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Nagar 13th Cross Street. The office is 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 Erukancherry

The guideline value is a crucial factor in property transactions as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must refer to the current guideline value to ensure compliance with the legal requirements during the transaction process.

When a property is sold, the guideline value is used to assess the appropriate fees, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct amount in taxes from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 13th Cross Street?

The current guideline value of Thiruvalluvar Nagar 13th Cross Street 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 1,800 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased 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 13th Cross Street?

Thiruvalluvar Nagar 13th Cross Street is classified as Residential Class II Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar 13th Cross Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.