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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 3rd Main Road 8th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 3rd 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 3rd Main Road 8th Cross Street

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Thiruvalluvar Nagar 3rd Main Road 8th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 3rd 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 3rd Main Road 8th Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 27%. The value then saw a significant increase to Rs 2,500 per sq.ft in the 2023 revision, representing an increase of 49%. The most recent revision in 2024 has further raised the guideline value to Rs 2,700 per sq.ft, an 8% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, there has been a net increase of 17% in the guideline value.

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 for Thiruvalluvar Nagar 3rd Main Road 8th Cross Street is above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 3rd 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, while the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 3rd Main Road 8th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 3rd Main Road 8th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Erukancherry

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the stamp duty and registration fees are calculated based on this guideline value, ensuring that the government receives appropriate revenue from the transaction.

It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. Understanding these values helps in making informed decisions regarding property transactions in Erukancherry.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 3rd Main Road 8th Cross Street?

The current guideline value for Thiruvalluvar Nagar 3rd 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 seen several revisions: from Rs 2,300 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increasing to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the stamp duty for property in this area?

The stamp duty for property in Thiruvalluvar Nagar 3rd Main Road 8th Cross Street is 7% of the guideline value, along with a registration fee of 2%.

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

The Madhavaram Sub Registrar Office covers Thiruvalluvar Nagar 3rd Main Road 8th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thiruvalluvar Nagar 3rd Main Road 8th Cross Street?

The land classification for Thiruvalluvar Nagar 3rd Main Road 8th Cross Street is Residential Class II Type - I.