Guideline Value

Corporate

Guideline Value for M.G.R. NAGAR

₹330/sq.ft.

The guideline value for M.g.r. Nagar in Athipattu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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

Athipattu

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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

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M.G.R. Nagar guideline value

The current guideline value of M.G.R. Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of M.G.R. Nagar has changed

The guideline value for M.G.R. Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 201 per sq.ft. In 2023, it increased to Rs 300 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 saw another increase to Rs 330 per sq.ft, which is a 10% rise from the previous year.

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

Guideline values in Athipattu

Athipattu village comprises 108 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value in this area is Rs 330 per sq.ft, which aligns with the current guideline value of M.G.R. Nagar.

Stamp duty and registration fee for property in M.G.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on applicable fees.

Which Sub Registrar Office covers M.G.R. Nagar?

The M.G.R. Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Athipattu. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer.

When buying or selling property, it is essential to be aware of the current guideline value, as it ensures that the transaction is compliant with local regulations and helps in determining the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of M.G.R. Nagar?

The current guideline value of M.G.R. Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Athipattu?

The median guideline value in Athipattu is Rs 330 per sq.ft, which is the same as the current guideline value for M.G.R. Nagar.

What are the stamp duty and registration fees for property in M.G.R. Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value.

Which office handles property registrations for M.G.R. Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for M.G.R. Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.