Guideline Value

Corporate

Guideline Value for M.G.R. Nagar

₹440/sq.ft.

The guideline value for M.g.r. Nagar in Attanthangal village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Attanthangal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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]

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M.G.R. Nagar guideline value

The current guideline value of M.G.R. Nagar, located in Attanthangal village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

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

The guideline value for M.G.R. Nagar has seen several revisions over the years. In 2003, the value was Rs 20 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 400 per sq.ft, but it then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and most recently, it has been set at Rs 440 per sq.ft in the 2024 revision. The register has no figure for this street for the year 2002.

Between these revisions, the changes were notable. From 2003 to 2007, there was a substantial increase of 900%. The value then doubled from Rs 200 per sq.ft to Rs 400 per sq.ft from 2007 to 2012, before decreasing by 33% to Rs 268 per sq.ft in 2017. The value saw a 49% increase from 2017 to 2023, and a further 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 2100%.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with the median being Rs 880 per sq.ft. M.G.R. Nagar's guideline value is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office covering M.G.R. Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Attanthangal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented at a value recognized by the government.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and compliance with legal requirements during the property transaction 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 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 20 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, marking a significant overall increase of 2100% over the years.

What is the registration fee for property in M.G.R. Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 4,40,000, the registration fee would be Rs 8,800.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration, ensuring that the transaction complies with legal standards and that the appropriate stamp duty and registration fees are paid.