Guideline Value

Corporate

Guideline Value for Tondaiyarpet High Road

₹3800/sq.ft.

The guideline value for Tondaiyarpet High Road in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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 Tondaiyarpet High Road

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Tondaiyarpet High Road guideline value

The current guideline value of Tondaiyarpet High Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Erukancherry village, under the Madhavaram SRO, and is classified as Commercial Special Type - I.

How the guideline value of Tondaiyarpet High Road has changed

The guideline value for Tondaiyarpet High Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,500 per sq.ft. This value decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 3,500 per sq.ft in the 2023 revision, followed by another increase to Rs 3,800 per sq.ft in the 2024 revision, which is a rise of 9% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that 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 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Tondaiyarpet High Road's 2024 figure above that median.

Stamp duty and registration fee for property in Tondaiyarpet High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total charges to Rs 3,42,000. 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 Tondaiyarpet High Road?

The Sub Registrar Office that covers Tondaiyarpet High Road 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 Erukancherry

The guideline value is a crucial factor 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 at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a value that reflects the current market conditions, thereby preventing undervaluation and ensuring appropriate tax collection.

Frequently asked questions

What is the current guideline value of Tondaiyarpet High Road?

The current guideline value of Tondaiyarpet High Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024. It has also seen a significant rise from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023.

What is the land classification for Tondaiyarpet High Road?

Tondaiyarpet High Road is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

What is the registration office for Tondaiyarpet High Road?

The registration office for Tondaiyarpet High Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Tondaiyarpet High Road?

Stamp duty for properties in Tondaiyarpet High Road is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at 7%.