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Guideline Value

Corporate

Guideline Value for Indira Gandhi Nagar (MGR Street)

₹1500/sq.ft.

The guideline value for Indira Gandhi Nagar (mgr Street) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 1500 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹1500 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1400 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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 Indira Gandhi Nagar (mgr Street)

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Indira Gandhi Nagar (MGR Street) guideline value

The current guideline value of Indira Gandhi Nagar (MGR Street) is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class III Type - II.

How the guideline value of Indira Gandhi Nagar (MGR Street) has changed

The guideline value for Indira Gandhi Nagar (MGR Street) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,500 per sq.ft, an increase of 7% from the 2023 revision of Rs 1,400 per sq.ft. The 2012 revision also recorded Rs 1,400 per sq.ft, indicating no change from that year to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. This reflects the changes in the market conditions and property values over the years, particularly noted between 2023 and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which means that the 2024 figure for Indira Gandhi Nagar (MGR Street) is below this median.

Stamp duty and registration fee for property in Indira Gandhi Nagar (MGR Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indira Gandhi Nagar (MGR Street)?

The Sub Registrar Office that covers Indira Gandhi Nagar (MGR Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as the base value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the property transfer process.

Frequently asked questions

What is the current guideline value of Indira Gandhi Nagar (MGR Street)?

The current guideline value of Indira Gandhi Nagar (MGR Street) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,500 per sq.ft in 2024, reflecting a 7% increase. There was no change from 2012 to 2023, with the value remaining at Rs 1,400 per sq.ft.

What are the stamp duty and registration fees for property in Indira Gandhi Nagar (MGR Street)?

For a 1,000 sq.ft plot valued at Rs 1,500 per sq.ft, the total guideline value is Rs 15,00,000. The stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office is responsible for Indira Gandhi Nagar (MGR Street)?

The Ambattur Sub Registrar Office is responsible for Indira Gandhi Nagar (MGR Street). It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft. The guideline value for Indira Gandhi Nagar (MGR Street) is below this median at Rs 1,500 per sq.ft.