Guideline Value

Corporate

Guideline Value for M.G.R.STREET CHARLESS NAGAR

₹988/sq.ft.

The guideline value for M.g.r.street Charless Nagar in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
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)

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.street Charless Nagar

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M.G.R.Street Charless Nagar guideline value

The current guideline value of M.G.R.Street Charless Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, classified as Residential Class II Type - I.

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

The guideline value for M.G.R.Street Charless Nagar has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 900 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 603 per sq.ft. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 988 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no recorded figures for the street in the years 2002, 2003, and 2007. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is the same as the current guideline value for M.G.R.Street Charless Nagar.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty, charged at 7%, would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760. Together, the total fees would be Rs 88,920. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office that covers M.G.R.Street Charless Nagar is the Avadi Sub Registrar Office. The office is 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 Thandurai

The guideline value is a crucial factor during the registration process when buying or selling property in Thandurai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes due. Buyers and sellers should be aware that the registration fees and stamp duty are based on the higher of the guideline value or the actual sale price, ensuring that the transaction is recorded accurately.

Frequently asked questions

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

The current guideline value of M.G.R.Street Charless Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for M.G.R.Street Charless Nagar?

M.G.R.Street Charless Nagar is classified as Residential Class II Type - I.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty for properties in Thandurai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.