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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 7th Main Road

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 7th Main 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 Main Road

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Thiruvalluvar Nagar 7th Main Road guideline value

The current guideline value for Thiruvalluvar Nagar 7th Main 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 7th Main Road has changed

Over the years, the guideline value for Thiruvalluvar Nagar 7th Main Road has seen several revisions. The oldest recorded figure is from 2012, where the guideline value was Rs 2,300 per sq.ft. This was followed by a revision in 2017, which decreased the value to Rs 1,675 per sq.ft. However, from 2017 to 2023, there was a significant increase to Rs 2,500 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

In summary, the changes between the revisions are as follows: from 2012 to 2017, the value decreased by 27%; from 2017 to 2023, it increased by 49%; and from 2023 to 2024, it increased by 8%. The overall change from 2012 to 2024 shows an increase of 17%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO with a guideline value for 2024 ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median guideline value is Rs 2,500 per sq.ft, placing Thiruvalluvar Nagar 7th Main Road above this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 7th Main Road

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Thiruvalluvar Nagar 7th Main Road 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 is a critical factor during property transactions in Erukancherry. It serves as a benchmark for determining the registration fees and stamp duty payable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand their financial obligations and ensure a smooth transaction.

Frequently asked questions

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

The current guideline value of Thiruvalluvar Nagar 7th Main 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 increased 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 of Thiruvalluvar Nagar 7th Main Road?

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

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 7th Main Road?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Nagar 7th Main Road and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar 7th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total amount for stamp duty and registration fees would be Rs 2,43,000.