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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 1st Main Road 8th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 1st Main Road 8th 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 ₹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 1st Main Road 8th Cross Street

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Thiruvalluvar Nagar 1st Main Road 8th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 1st Main Road 8th 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 1st Main Road 8th Cross Street has changed

Over the years, the guideline value for Thiruvalluvar Nagar 1st Main Road 8th Cross Street has seen several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased significantly to Rs 2,500 per sq.ft in 2023, marking a 49% rise from the previous revision. Currently, the guideline value stands at Rs 2,700 per sq.ft as of the 2024 revision, reflecting an 8% increase from 2023.

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 17%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that have a guideline value as of 2024, ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, positioning Thiruvalluvar Nagar 1st Main Road 8th Cross Street above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Main Road 8th 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 charges to Rs 2,43,000. Please note that the 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 details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Main Road 8th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 1st Main Road 8th 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 in the registration process when buying or selling property in Erukancherry. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs associated with the purchase or sale. Ensuring compliance with the guideline value is necessary for a smooth registration process.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 1st Main Road 8th Cross Street?

The current guideline value for Thiruvalluvar Nagar 1st Main Road 8th 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 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. Overall, there has been a 17% increase from 2012 to 2024.

What is the land classification for this street?

The land classification for Thiruvalluvar Nagar 1st Main Road 8th Cross Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruvalluvar Nagar 1st Main Road 8th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 1,89,000.