Guideline Value

Corporate

Guideline Value for M.K.R. Nagar

₹600/sq.ft.

The guideline value for M.k.r. Nagar in Atanancheri village (Gooduvancheri SRO, Chengalpattu zone) is Rs 600 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Atanancheri

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹160 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on M.k.r. Nagar

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M.K.R. Nagar guideline value

The current guideline value of M.K.R. Nagar, located in Atanancheri village under the Gooduvancheri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

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

The guideline value for M.K.R. Nagar has undergone several revisions over the years. The most recent revisions show that in 2023, the value was Rs 600 per sq.ft, which remained unchanged in the 2024 revision. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023. In 2012, the value was again Rs 600 per sq.ft, which reflects a decrease of 33% from the 2017 figure. The 2007 revision recorded a guideline value of Rs 160 per sq.ft, which increased dramatically by 275% to reach Rs 600 in 2012.

There are no figures available for the revisions in 2002 and 2003 for M.K.R. Nagar. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. M.K.R. Nagar's 2024 guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers M.K.R. Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of M.K.R. Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 remaining at Rs 600 per sq.ft, unchanged from 2023. The value increased from Rs 402 per sq.ft in 2017 to Rs 600 in 2023, reflecting a 49% rise.

What is the land classification for M.K.R. Nagar?

The land classification for M.K.R. Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

What are the registration fees for property in M.K.R. Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. The fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for M.K.R. Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for M.K.R. Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.