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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 30 Feet Road

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 30 Feet Road 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 30 Feet Road

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Thiruvalluvar Nagar 30 Feet Road guideline value

The current guideline value of Thiruvalluvar Nagar 30 Feet Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 30 Feet Road has changed

Over the years, the guideline value for Thiruvalluvar Nagar 30 Feet Road has seen several revisions. The 2012 revision set the value at Rs 2,300 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 2,700 per sq.ft. The register has no figure for this street in 2002, 2003, or 2007.

From 2012 to 2017, the guideline value decreased by 27%. However, from 2017 to 2023, there was a substantial increase of 49%. The change from 2023 to 2024 reflects an increase of 8%. Overall, the guideline value has increased by 17% from 2012 to 2024.

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 of Thiruvalluvar Nagar 30 Feet Road is above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 30 Feet Road

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 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 30 Feet Road?

The Sub Registrar Office that covers Thiruvalluvar Nagar 30 Feet Road 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 essential factor when buying or selling property in Erukancherry. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 30 Feet Road?

The current guideline value of Thiruvalluvar Nagar 30 Feet Road 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.

What is the land classification for Thiruvalluvar Nagar 30 Feet Road?

Thiruvalluvar Nagar 30 Feet Road is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Thiruvalluvar Nagar 30 Feet Road?

The Madhavaram Sub Registrar Office handles the registration for Thiruvalluvar Nagar 30 Feet Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.