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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 19th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 19th 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 19th Cross Street

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Thiruvalluvar Nagar 19th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 19th 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 19th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 19th Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,800 per sq.ft. This figure changed to Rs 1,675 per sq.ft in 2017, marking a decrease of 7%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 50%.

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. Thiruvalluvar Nagar 19th Cross Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 19th 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. Together, the total charges would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar 19th Cross Street?

The Thiruvalluvar Nagar 19th Cross Street is covered by 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 registering property transactions in Erukancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 19th Cross Street?

The current guideline value for Thiruvalluvar Nagar 19th 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 2,700 per sq.ft in 2024, reflecting an overall increase of 50% over this period.

What is the stamp duty rate for property in Thiruvalluvar Nagar 19th Cross Street?

The stamp duty rate for property transactions in Thiruvalluvar Nagar 19th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

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

What factors influence the guideline value in Erukancherry?

The guideline value in Erukancherry is influenced by various factors, including land classification and the overall market conditions reflected in the revisions of the guideline value register.