Guideline Value

Corporate

Guideline Value for M.C.K. Layout

₹5500/sq.ft.

The guideline value for M.c.k. Layout in 1. Nolambur village (Villivakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

1. Nolambur

Village

Villivakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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]

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M.C.K. Layout guideline value

The current guideline value of M.C.K. Layout is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in 1. Nolambur village, under the Villivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of M.C.K. Layout has changed

The guideline value for M.C.K. Layout has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 3,350 per sq.ft. This figure increased to Rs 5,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 5,500 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for M.C.K. Layout is below this median.

Stamp duty and registration fee for property in M.C.K. Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, leading to a total of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.C.K. Layout?

The Sub Registrar Office that covers M.C.K. Layout is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a critical factor in the registration process when buying or selling property in 1. Nolambur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both buyers and sellers are aware of the costs involved.

When a property is registered, the guideline value serves as a benchmark for the transaction, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of M.C.K. Layout?

The current guideline value of M.C.K. Layout is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,350 per sq.ft in 2017 to Rs 5,000 per sq.ft in 2023, and then to Rs 5,500 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in 1. Nolambur?

Other streets in 1. Nolambur have varying guideline values. For example, Mani Nagar, Mogappair West Garden, and Moon Enclave all have a guideline value of Rs 7,100 per sq.ft, while Madha Koil Street and M.C.K. Layout have a value of Rs 5,500 per sq.ft.

What fees are involved when purchasing property in M.C.K. Layout?

When purchasing property in M.C.K. Layout, buyers must consider the stamp duty and registration fees. For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where can I find the Sub Registrar Office for M.C.K. Layout?

The Sub Registrar Office for M.C.K. Layout is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office is part of the Villivakkam registration zone.