Guideline Value

Corporate

Guideline Value for Chinna Metukkuppam

₹2750/sq.ft.

The guideline value for Chinna Metukkuppam in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹145 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹132 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Chinna Metukkuppam

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Chinna Metukkuppam guideline value

The current guideline value of Chinna Metukkuppam is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Maduravoyal village, which falls under the Virugambakkam SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Chinna Metukkuppam has changed

The guideline value for Chinna Metukkuppam has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 132 per sq.ft. In 2003, it increased to Rs 145 per sq.ft, marking a 10% rise. The value then rose significantly to Rs 300 per sq.ft in 2007, which was a 107% increase. Following this, in 2012, the value was revised to Rs 2,500 per sq.ft, reflecting a substantial increase of 733%. However, in 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The 2023 revision saw a return to Rs 2,500 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1983%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing Chinna Metukkuppam's 2024 figure below this median.

Stamp duty and registration fee for property in Chinna Metukkuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would amount to Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Metukkuppam?

The Sub Registrar Office that covers Chinna Metukkuppam is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with registration. Ensuring compliance with these values helps facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Chinna Metukkuppam?

The current guideline value of Chinna Metukkuppam is Rs 2,750 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 132 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1983% over this period.

What are the stamp duty and registration fees for property in Chinna Metukkuppam?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office handles registrations for Chinna Metukkuppam?

The Virugambakkam Sub Registrar Office handles registrations for Chinna Metukkuppam, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value, which helps maintain transparency in the registration process.