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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 4th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 4th 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 4th Cross Street

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Thiruvalluvar Nagar 4th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 4th Cross Street 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 4th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 4th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which later decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

In summary, the changes from the earlier revisions include a 49% increase from 2017 to 2023 and a decrease of 27% from 2012 to 2017. 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 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 4th Cross Street's 2024 figure of Rs 2,700 per sq.ft is above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 4th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 4th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 4th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Erukancherry. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold, ensuring that the transaction is recorded accurately at the local registration office.

When registering a property, the guideline value is taken into consideration to calculate the necessary fees, which helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 4th Cross Street?

The current guideline value of Thiruvalluvar Nagar 4th 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 changes: it was Rs 2,300 per sq.ft in 2012, decreased to Rs 1,675 per sq.ft in 2017, increased to Rs 2,500 per sq.ft in 2023, and is now Rs 2,700 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 4th Cross Street?

Thiruvalluvar Nagar 4th Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property here?

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 registrations for this area?

The Madhavaram Sub Registrar Office handles registrations for Thiruvalluvar Nagar 4th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.