Guideline Value

Corporate

Guideline Value for A.K.R. New Nagar

₹3800/sq.ft.

The guideline value for A.k.r. New Nagar in Mugappair village (Konnur 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 Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Class II 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 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹220 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹200 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 A.k.r. New Nagar

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A.K.R. New Nagar guideline value

The current guideline value of A.K.R. New Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Mugappair village and falls under the Konnur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of A.K.R. New Nagar has changed

The guideline value for A.K.R. New Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 200 per sq.ft. It increased to Rs 220 per sq.ft in 2003, followed by a significant rise to Rs 600 per sq.ft in 2007. The value then saw a notable increase to Rs 3,500 per sq.ft in 2012, but it decreased to Rs 2,345 per sq.ft in the 2017 revision. The 2023 revision set the value at Rs 3,500 per sq.ft, and the most recent 2024 revision has established the current value at Rs 3,800 per sq.ft.

In terms of percentage changes, from 2002 to 2003, the guideline value increased by 10%. The rise from 2003 to 2007 was 173%, and from 2007 to 2012, it increased by 483%. However, there was a decrease of 33% from 2012 to 2017. Following that, the value increased by 49% from 2017 to 2023. Finally, the guideline value saw a 9% increase from 2023 to 2024.

Guideline values in Mugappair

Within Mugappair, there are 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. A.K.R. New Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in A.K.R. New Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the 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 information.

Which Sub Registrar Office covers A.K.R. New Nagar?

The Sub Registrar Office that covers A.K.R. New Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mugappair

The guideline value is a crucial factor in the registration process when buying or selling property in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to 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 property's value.

Frequently asked questions

What is the current guideline value of A.K.R. New Nagar?

The current guideline value of A.K.R. New Nagar 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 significantly from Rs 200 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various increases and one decrease recorded in the revisions.

What is the median guideline value in Mugappair?

The median guideline value in Mugappair is Rs 7,100 per sq.ft, with A.K.R. New Nagar's value being below this median.

What are the stamp duty rates for property in A.K.R. New Nagar?

The stamp duty for property in A.K.R. New Nagar is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same amount.

Where can I find the Sub Registrar Office for A.K.R. New Nagar?

The Sub Registrar Office for A.K.R. New Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.