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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 6th Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 6th 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 6th Street

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Thiruvalluvar Nagar 6th Street guideline value

The current guideline value of Thiruvalluvar Nagar 6th Street is Rs 2,700 per sq.ft. This street is located in Erukancherry village under the Madhavaram SRO, and it falls under Residential Class II Type - I land classification.

How the guideline value of Thiruvalluvar Nagar 6th Street has changed

The guideline value for Thiruvalluvar Nagar 6th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 27%. However, from 2017 to 2023, the value significantly increased to Rs 2,500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, which is an increase of 8% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 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 6th 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 6th 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 amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together 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 detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 6th Street?

The Thiruvalluvar Nagar 6th Street falls under 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 plays a crucial role in the registration process when buying or selling property in Erukancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated accurately based on the prevailing rates.

When a property is sold, the guideline value is used to assess the minimum value on which the stamp duty is calculated. This means that if the sale price is lower than the guideline value, the duty will still be charged based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 6th Street?

The current guideline value of Thiruvalluvar Nagar 6th Street is Rs 2,700 per sq.ft as per the 2024 revision.

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 6th Street?

Thiruvalluvar Nagar 6th Street is classified under Residential Class II Type - I land classification.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated on properties in Erukancherry?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the appropriate fees are collected during the registration process.