Guideline Value

Corporate

Guideline Value for M.G. Nagar Part-IA

₹1500/sq.ft.

The guideline value for M.g. Nagar Part-ia in Nandhivaram village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1500 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nandhivaram

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1500 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹437 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on M.g. Nagar Part-ia

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

M.G. Nagar Part-IA guideline value

The current guideline value of M.G. Nagar Part-IA in Nandhivaram village is Rs 1,500 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of M.G. Nagar Part-IA has changed

The guideline value for M.G. Nagar Part-IA has seen several revisions over the years. In 2007, the value was Rs 437 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017 before stabilizing at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while the value from 2012 to 2017 saw a decrease of 33%. The remarkable increase of 243% from 2007 to 2012 reflects a significant change in the property landscape. Overall, from 2007 to 2024, there has been an increase of 243% in the guideline value.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which matches the current value for M.G. Nagar Part-IA.

Stamp duty and registration fee for property in M.G. Nagar Part-IA

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, totaling Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G. Nagar Part-IA?

The M.G. Nagar Part-IA is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Nandhivaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the government’s assessment. This helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of M.G. Nagar Part-IA?

The current guideline value of M.G. Nagar Part-IA 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 437 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and has remained at Rs 1,500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Nandhivaram?

The median guideline value for the 169 streets in Nandhivaram under the Gooduvancheri SRO is Rs 1,500 per sq.ft, which is the same as the current value for M.G. Nagar Part-IA.

What are the stamp duty and registration fees for properties in M.G. Nagar Part-IA?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 15,00,000, the total fees would amount to Rs 1,35,000.

Which office handles registrations for M.G. Nagar Part-IA?

The Gooduvancheri Sub Registrar Office handles registrations for M.G. Nagar Part-IA, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.