Guideline Value

Corporate

Guideline Value for M.G.R.NAGAR KALATHUMEDU

₹801/sq.ft.

The guideline value for M.g.r.nagar Kalathumedu in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 801 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹801 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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]
Records for a plot on M.g.r.nagar Kalathumedu

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M.G.R.Nagar Kalathumedu guideline value

The current guideline value of M.G.R.Nagar Kalathumedu is Rs 801 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Class I Type - II.

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

The guideline value for M.G.R.Nagar Kalathumedu has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it saw a decrease to Rs 469 per sq.ft in 2017. The value then rose to Rs 800 per sq.ft in 2023 and is now Rs 801 per sq.ft as per the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2007 to 2012, there was a significant increase of 140%. However, from 2012 to 2017, the value decreased by 22%. The most substantial increase occurred from 2017 to 2023, with a rise of 71%. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of M.G.R.Nagar Kalathumedu is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 801 per sq.ft, the total guideline value amounts to Rs 8,01,000. The stamp duty at 7% would be Rs 56,070, and the registration fee at 2% would be Rs 16,020, bringing the total fees to Rs 72,090. 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.Nagar Kalathumedu?

The Sub Registrar Office that covers M.G.R.Nagar Kalathumedu is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees. The fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of M.G.R.Nagar Kalathumedu is Rs 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 801 per sq.ft in 2024, showing an overall increase of 220% over this period.

What are the other streets in Paruthipattu and their guideline values?

Other streets in Paruthipattu include M.G.R.Nagar Koladi St at Rs 950 per sq.ft, M.G.R.Road at Rs 801 per sq.ft, and Mithila-I and Mithila II both at Rs 1,375 per sq.ft, among others.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,01,000, the total fees would amount to Rs 72,090.

Where can I find the Sub Registrar Office for M.G.R.Nagar Kalathumedu?

The Avadi Sub Registrar Office covers M.G.R.Nagar Kalathumedu, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.