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Guideline Value

Corporate

Guideline Value for M.K.N ROAD (mount sub way to cement road)

₹6600/sq.ft.

The guideline value for M.k.n Road (mount Sub Way To Cement Road) in Alandur village (Alandur SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alandur

Village

Alandur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1000 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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.k.n Road (mount Sub Way To Cement Road)

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M.K.N ROAD (mount sub way to cement road) guideline value

The current guideline value of M.K.N ROAD (mount sub way to cement road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Alandur village and falls under the Alandur SRO, classified as Commercial Class I Type - I.

How the guideline value of M.K.N ROAD (mount sub way to cement road) has changed

The guideline value for M.K.N ROAD (mount sub way to cement road) has seen significant changes over the years. The earliest recorded figure is from 2003, where it was Rs 1,000 per sq.ft. This increased to Rs 2,100 per sq.ft in 2007, marking a rise of 110%. In 2012, the value was recorded at Rs 6,000 per sq.ft, reflecting a substantial increase of 186%. However, between 2012 and 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The next revision in 2023 saw the value rise again to Rs 6,000 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 560%. It is important to note that there is no recorded figure for the year 2002 for this street in the register.

Guideline values in Alandur

Alandur village has a range of guideline values across its 40 streets under the Alandur SRO, with values varying from Rs 3,900 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 5,000 per sq.ft, placing M.K.N ROAD (mount sub way to cement road) above this median at Rs 6,600 per sq.ft.

Stamp duty and registration fee for property in M.K.N ROAD (mount sub way to cement road)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.K.N ROAD (mount sub way to cement road)?

The Sub Registrar Office that covers M.K.N ROAD (mount sub way to cement road) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Alandur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of M.K.N ROAD (mount sub way to cement road)?

The current guideline value of M.K.N ROAD (mount sub way to cement road) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, showing a significant increase of 560% over this period.

What is the classification of land on M.K.N ROAD?

M.K.N ROAD (mount sub way to cement road) is classified as Commercial Class I Type - I, indicating its commercial significance in the area.

Where can I find the Sub Registrar Office for M.K.N ROAD?

The Sub Registrar Office for M.K.N ROAD is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated in Alandur?

Stamp duty in Alandur is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.