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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 18th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 18th 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 18th Cross Street

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Thiruvalluvar Nagar 18th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 18th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry 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 Nagar 18th Cross Street has changed

Over the years, the guideline value for Thiruvalluvar Nagar 18th Cross Street has experienced several revisions. In 2012, the guideline value was Rs 1,800 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Examining the changes between revisions, the guideline value increased by 49% from 2017 to 2023, and then by 8% from 2023 to 2024. Overall, from 2012 to 2024, there has been a 50% increase in the guideline value.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, placing Thiruvalluvar Nagar 18th Cross Street above this median at Rs 2,700 per sq.ft.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 18th 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 amounts to Rs 27,00,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 18th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 18th Cross Street 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 Erukancherry

The guideline value is a crucial factor when it comes to property registration 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 through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the financial obligations of both the buyer and seller. The guideline value helps in establishing a fair transaction price, which is vital for legal and financial processes.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 18th Cross Street?

The current guideline value of Thiruvalluvar Nagar 18th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much 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 is currently Rs 2,700 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 18th Cross Street?

The land classification for Thiruvalluvar Nagar 18th Cross Street is Residential Class II Type - I.

What are the stamp duty and registration fees for a property here?

For a property valued at the current guideline value of Rs 2,700 per sq.ft, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000 for a 1,000 sq.ft plot.

Which office handles registrations for this area?

The Madhavaram Sub Registrar Office handles registrations for Thiruvalluvar Nagar 18th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.