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Guideline Value

Corporate

Guideline Value for M G R Road West Side

₹4400/sq.ft.

The guideline value for M G R Road West Side in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 M G R Road West Side

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M G R Road West Side guideline value

The current guideline value of M G R Road West Side in Thalakanancherry village is Rs 4,400 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Alandur SRO and is classified as Residential Class I Type - II.

How the guideline value of M G R Road West Side has changed

The guideline value for M G R Road West Side has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, a rise of 129%. However, the value decreased to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value surged to Rs 4,000 per sq.ft in 2023, reflecting a significant increase of 49%. The most recent 2024 revision has further raised the guideline value to Rs 4,400 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the 2002 and 2003 revisions for this street. Overall, from 2007 to 2024, the guideline value has increased by 151%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. M G R Road West Side's 2024 figure is above this median.

Stamp duty and registration fee for property in M G R Road West Side

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 M G R Road West Side?

The M G R Road West Side falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transaction. This ensures that both the buyer and seller comply with the legal requirements during the property transfer process.

Frequently asked questions

What is the current guideline value of M G R Road West Side?

The current guideline value of M G R Road West Side is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking a total increase of 151% over the years.

What is the land classification for M G R Road West Side?

M G R Road West Side is classified as Residential Class I Type - II under the Alandur SRO.

Where can I find the registration office for M G R Road West Side?

The registration office for M G R Road West Side is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee Rs 88,000.