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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 2nd Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 2nd 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 2nd Street

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Thiruvalluvar Nagar 2nd Street guideline value

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

How the guideline value of Thiruvalluvar Nagar 2nd Street has changed

The guideline value for Thiruvalluvar Nagar 2nd Street has seen several revisions over the years. The earliest recorded revision was in 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. However, from 2017 to 2023, there was a significant increase to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure shows a 17% increase in the guideline value over the twelve-year period.

Guideline values in Erukancherry

In Erukancherry village, 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 is Rs 2,500 per sq.ft, placing Thiruvalluvar Nagar 2nd Street's 2024 figure above that median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 2nd 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 be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total 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 our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 2nd Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 2nd 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 an important 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 sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This value is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 2nd Street?

The current guideline value of Thiruvalluvar Nagar 2nd 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 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 of Thiruvalluvar Nagar 2nd Street?

Thiruvalluvar Nagar 2nd Street is classified as Residential Class II Type - I.

Where can I find the registration office for Thiruvalluvar Nagar 2nd Street?

The registration office for Thiruvalluvar Nagar 2nd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar 2nd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,89,000.