Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for M.G.R NAGAR 3RD CROSS STREET

₹1600/sq.ft.

The guideline value for M.g.r Nagar 3rd Cross Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹461 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[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]
Records for a plot on M.g.r Nagar 3rd Cross Street

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.R Nagar 3rd Cross Street guideline value

The current guideline value for M.G.R Nagar 3rd Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of M.G.R Nagar 3rd Cross Street has changed

The guideline value for M.G.R Nagar 3rd Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 461 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking an increase of 8%. By 2023, the value had risen significantly to Rs 1,500 per sq.ft, reflecting a 200% increase from the 2007 figure. The current revision in 2024 sees the guideline value rise to Rs 1,600 per sq.ft, a 7% increase from the previous year.

There are no recorded figures for the years 2012, 2017, and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 247%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. M.G.R Nagar 3rd Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in M.G.R Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers M.G.R Nagar 3rd Cross Street?

The Sub Registrar Office that covers M.G.R Nagar 3rd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that are payable at the time of property registration.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in the assessment of taxes and fees. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for M.G.R Nagar 3rd Cross Street?

The current guideline value for M.G.R Nagar 3rd Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 461 per sq.ft in 2003 to Rs 1,600 per sq.ft in 2024, representing a total increase of 247% over this period.

What are the other streets with the same guideline value in Perambur?

Other streets in Perambur with the same guideline value of Rs 1,600 per sq.ft include M.G.R Nagar 3rd Link (Inaippu) Road, M.G.R. Nagar 2nd Street, M.G.R. Nagar 3rd Street, M.G.R Nagar 2nd Link (Inaippu) Road, M.G.R Nagar 4th Cross Street, and M.G.R Nagar 2nd Cross Street.

What are the stamp duty and registration fees for a property in M.G.R Nagar 3rd Cross Street?

For a property measuring 1,000 sq.ft, the total guideline value is Rs 16,00,000. The stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000 for these fees.

Which Sub Registrar Office handles registrations for M.G.R Nagar 3rd Cross Street?

The Purasaivakkam Sub Registrar Office handles registrations for M.G.R Nagar 3rd Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.