Guideline Value

Corporate

Guideline Value for DR. M.G.R. NAGAR

₹1100/sq.ft.

The guideline value for Dr. M.g.r. Nagar in Sadayankuppam village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sadayankuppam

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹19 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[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 Dr. M.g.r. Nagar

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Dr. M.G.R. Nagar guideline value

The current guideline value of Dr. M.G.R. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Sadayankuppam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Dr. M.G.R. Nagar has changed

The guideline value for Dr. M.G.R. Nagar has undergone several revisions over the years. The register shows a revision in 2002 with a value of Rs 19 per sq.ft, which increased to Rs 20 per sq.ft in 2003. Following that, the value saw a significant rise to Rs 50 per sq.ft in 2007, and then to Rs 1,000 per sq.ft in 2012. The value dropped to Rs 670 per sq.ft in 2017, before increasing to Rs 1,000 per sq.ft in 2023, and finally reaching Rs 1,100 per sq.ft in the 2024 revision.

The changes between the revisions highlight the fluctuations in the guideline value. From 2002 to 2003, there was a 5% increase. The value surged by 150% from 2003 to 2007. After the drop of 33% from 2012 to 2017, the value rose by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 5689%.

Guideline values in Sadayankuppam

Sadayankuppam has 20 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,200 per sq.ft, with a median of Rs 1,002 per sq.ft. The guideline value for Dr. M.G.R. Nagar is above this median.

Stamp duty and registration fee for property in Dr. M.G.R. Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. M.G.R. Nagar?

The Sub Registrar Office that covers Dr. M.G.R. Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sadayankuppam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions are recorded at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dr. M.G.R. Nagar?

The current guideline value of Dr. M.G.R. Nagar is Rs 1,100 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 19 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 5689% over the years.

What are the other streets in Sadayankuppam with their guideline values?

Other streets in Sadayankuppam have guideline values ranging from Rs 1,000 to Rs 1,200 per sq.ft. For instance, Duvaraga Nagar and Jeinfer Nagar both have a value of Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for property in Dr. M.G.R. Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dr. M.G.R. Nagar?

The Thiruvottiyur Sub Registrar Office covers Dr. M.G.R. Nagar and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.