Guideline Value

Corporate

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

₹1200/sq.ft.

The guideline value for Dr. New M.g.r. Nagar in Manali village (Thiruvottiyur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manali

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /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)

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. New M.g.r. Nagar

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Dr. New M.G.R. Nagar guideline value

The current guideline value of Dr. New M.G.R. Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Manali village under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

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

Over the years, the guideline value for Dr. New M.G.R. Nagar has seen several revisions. The 2012 revision set the value at Rs 1,100 per sq.ft. In 2017, it decreased to Rs 737 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,100 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,200 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value is Rs 1,200 per sq.ft, which is equal to the current guideline value of Dr. New M.G.R. Nagar.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Dr. New M.G.R. Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more details, you can find your SRO.

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

The guideline value is a critical factor during property transactions in Manali. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the transaction is recorded at a value that reflects the official rates set by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

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

The current guideline value of Dr. New M.G.R. Nagar is Rs 1,200 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 being from Rs 1,100 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024. The value has seen a significant increase of 49% from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023.

What is the land classification of Dr. New M.G.R. Nagar?

Dr. New M.G.R. Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles property registrations for Dr. New M.G.R. Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Dr. New M.G.R. Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.