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Guideline Value

Corporate

Guideline Value for CHENDUR MURUGAN NAGAR

₹440/sq.ft.

The guideline value for Chendur Murugan Nagar in Karanodai village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karanodai

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Chendur Murugan Nagar

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Chendur Murugan Nagar guideline value

The current guideline value of Chendur Murugan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Karanodai village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Chendur Murugan Nagar has changed

The guideline value for Chendur Murugan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the 2023 revision brought the value back up to Rs 400 per sq.ft, and the latest 2024 revision has increased it to Rs 440 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karanodai

Karanodai village has a total of 38 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Chendur Murugan Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Chendur Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chendur Murugan Nagar?

The Sub Registrar Office that covers Chendur Murugan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karanodai. It is used to determine the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in compliance with the local regulations.

Frequently asked questions

What is the current guideline value of Chendur Murugan Nagar?

The current guideline value of Chendur Murugan Nagar is Rs 440 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 2024 revision at Rs 440 per sq.ft, up from Rs 400 per sq.ft in 2023. The value saw a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the median guideline value for streets in Karanodai?

The median guideline value for streets in Karanodai is Rs 1,210 per sq.ft, with Chendur Murugan Nagar's value being below this median at Rs 440 per sq.ft.

What are the stamp duty and registration fees for a property in Chendur Murugan Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty at 7% is Rs 30,800, and the registration fee at 2% is Rs 8,800, totaling Rs 39,600.

Which office handles property registrations for Chendur Murugan Nagar?

The Redhills Sub Registrar Office handles property registrations for Chendur Murugan Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.