Guideline Value

Corporate

Guideline Value for M.D.M. NAGAR

₹800/sq.ft.

The guideline value for M.d.m. Nagar in Kakkalur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kakkalur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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.d.m. Nagar

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M.D.M. Nagar guideline value

The current guideline value of M.D.M. Nagar, located in Kakkalur village under the Tiruvallur Joint 1 SRO, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of M.D.M. Nagar has changed

The guideline value for M.D.M. Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision marked a significant change, lowering the value to Rs 536 per sq.ft, which was a 33% decrease from the previous figure. The most recent 2024 revision returned the value to Rs 800 per sq.ft, showing no change from the 2023 revision.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 800 per sq.ft, indicating stability in this period.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, placing M.D.M. Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in M.D.M. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, calculated at 7%, would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers M.D.M. Nagar?

The M.D.M. Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kakkalur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of M.D.M. Nagar?

The current guideline value of M.D.M. Nagar is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant change occurring from 2012 to 2017, where it decreased from Rs 800 to Rs 536 per sq.ft. It then increased to Rs 800 per sq.ft in 2023 and has remained the same in 2024.

What are the guideline values of other streets in Kakkalur?

Other streets in Kakkalur have varying guideline values, with most streets currently set at Rs 626 per sq.ft, except for Mps Nagar, which is also valued at Rs 800 per sq.ft in 2024.

How is the stamp duty calculated for properties in M.D.M. Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,00,000 would incur a stamp duty of Rs 56,000 at 7%.

Where can I find the Sub Registrar Office for M.D.M. Nagar?

The Sub Registrar Office covering M.D.M. Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.