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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 7th Link Road

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 7th Link 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 7th Link Road

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Thiruvalluvar Nagar 7th Link Road guideline value

The current guideline value of Thiruvalluvar Nagar 7th Link Road 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 7th Link Road has changed

Looking at the revisions, the guideline value for Thiruvalluvar Nagar 7th Link Road has seen several changes over the years. The value was Rs 1,675 per sq.ft in 2017, which increased to Rs 2,300 per sq.ft in 2012. However, the 2017 to 2023 revision saw a significant rise to Rs 2,500 per sq.ft, and the most recent revision in 2024 brought it to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2017, the value decreased by 27%, but from 2012 to 2024, there has been an overall increase of 17%. The register does not contain figures for the years 2002, 2003, or 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that have 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 7th Link Road's guideline value is above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 7th Link 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 guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 7th Link Road?

The Thiruvalluvar Nagar 7th Link Road is covered by 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 during the registration process when buying or selling property in Erukancherry. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 7th Link Road?

The current guideline value of Thiruvalluvar Nagar 7th Link 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 increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, with various changes in between, including a drop to Rs 2,300 per sq.ft in 2012.

What is the land classification for Thiruvalluvar Nagar 7th Link Road?

Thiruvalluvar Nagar 7th Link Road is classified as Residential Class II Type - I.

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 the stamp duty calculated for properties in Erukancherry?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.