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Guideline Value

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Guideline Value for Thiruvalluvar Nagar Street ( Ward No.5 )

₹1600/sq.ft.

The guideline value for Thiruvalluvar Nagar Street ( Ward No.5 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Street ( Ward No.5 )

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Thiruvalluvar Nagar Street ( Ward No.5 ) guideline value

The current guideline value for Thiruvalluvar Nagar Street (Ward No.5) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar Street ( Ward No.5 ) has changed

The guideline value for Thiruvalluvar Nagar Street has seen several revisions over the years. The last revision in 2024 set the value at Rs 1,600 per sq.ft, which is an increase from the 2023 revision of Rs 1,500 per sq.ft, marking a change of +7%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there are no figures available for the previous years mentioned. The most recent change reflects the ongoing adjustments in the guideline values across the region.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Thiruvalluvar Nagar Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar Street ( Ward No.5 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar Street ( Ward No.5 )?

The Sub Registrar Office that covers Thiruvalluvar Nagar Street (Ward No.5) is 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 Madhavaram

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction reflects the appropriate value for taxation purposes. Buyers and sellers must be aware of this value to accurately calculate their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar Street ( Ward No.5 )?

The current guideline value for Thiruvalluvar Nagar Street (Ward No.5) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiruvalluvar Nagar Street has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking an increase of +7%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the classification of Thiruvalluvar Nagar Street?

Thiruvalluvar Nagar Street is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.