Guideline Value

Corporate

Guideline Value for M.G.R. Road

₹1980/sq.ft.

The guideline value for M.g.r. Road in Perungalathur village (Padappai SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 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

Perungalathur

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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. Road

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M.G.R. Road guideline value

The current guideline value of M.G.R. Road in Perungalathur village, under the Padappai SRO, is Rs 1,980 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. Road has changed

The guideline value for M.G.R. Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which saw a significant increase to Rs 1,800 per sq.ft in 2012. However, the value dropped to Rs 1,206 per sq.ft in the 2017 revision before rising again to Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2007 to 2012, there was a remarkable increase of 620%; however, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% rise from 2023 to 2024. The overall increase from 2007 to 2024 is 692%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing M.G.R. Road's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that 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 details.

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

The M.G.R. Road falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of M.G.R. Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 250 per sq.ft in 2007, rising to Rs 1,800 in 2012, then decreasing to Rs 1,206 in 2017, and increasing to Rs 1,800 in 2023. The latest revision in 2024 set it at Rs 1,980 per sq.ft.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft for the year 2024. M.G.R. Road's current value is below this median.

What are the stamp duty rates for property in M.G.R. Road?

The stamp duty for property transactions in M.G.R. Road is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Which office handles registrations for M.G.R. Road?

The Padappai Sub Registrar Office handles registrations for M.G.R. Road, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.