Guideline Value for M.K.R. Nagar
₹550/sq.ft.
The guideline value for M.k.r. Nagar in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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
Vilangadupakkam
Village
Redhills
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹550 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹335 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹300 /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, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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.k.r. Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Redhills sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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M.K.R. Nagar guideline value
The current guideline value of M.K.R. Nagar, located in Vilangadupakkam village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II 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. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, in 2017, it dropped to Rs 335 per sq.ft. The value then rose significantly to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft from the 2024 revision. The register has no figure for this street for the years 2002 and 2003.
From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from the 2007 revision to the current 2024 revision, the guideline value has risen by 83%.
Guideline values in Vilangadupakkam
In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of M.K.R. Nagar is above this median.
- Mallika Garden: Rs 1,200 per sq.ft (2024)
- Lucky Star City: Rs 440 per sq.ft (2024)
- New Anna Nagar: Rs 440 per sq.ft (2024)
- New Power City: Rs 480 per sq.ft (2024)
- New Star City: Rs 820 per sq.ft (2024)
- New Star City Annex -10: Rs 365 per sq.ft (2024)
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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers M.K.R. Nagar?
The M.K.R. Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Vilangadupakkam
The guideline value is a crucial factor when registering property transactions in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.
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 550 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 83%.
What is the stamp duty for property in M.K.R. Nagar?
The stamp duty for property in M.K.R. Nagar is 7% of the guideline value or sale price, whichever is higher.
Where can I find the Sub Registrar Office for M.K.R. Nagar?
The Sub Registrar Office covering M.K.R. Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
What is the land classification of M.K.R. Nagar?
M.K.R. Nagar is classified as Residential Class II Type - I.
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