Guideline Value

Corporate

Guideline Value for M.M. MODERN CITY

₹385/sq.ft.

The guideline value for M.m. Modern City in Perungavur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /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, 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]

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M.M. Modern City guideline value

The current guideline value of M.M. Modern City is Rs 385 per sq.ft, effective from 1 July 2024. This property is located in Perungavur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of M.M. Modern City has changed

The guideline value for M.M. Modern City has undergone several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which was then reduced to Rs 234 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 350 per sq.ft, and the most recent 2024 revision raised it to Rs 385 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 50%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO with a guideline value range from Rs 220 to Rs 1,500 per sq.ft, where the median value is Rs 275 per sq.ft. M.M. Modern City's 2024 guideline value is above this median.

Stamp duty and registration fee for property in M.M. Modern City

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.M. Modern City?

The Sub Registrar Office that covers M.M. Modern City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process of property transactions in Perungavur. It serves as a benchmark for determining 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 buying or selling property, the guideline value must be considered as it directly impacts the overall costs involved in the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of M.M. Modern City?

The current guideline value of M.M. Modern City is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024.

What is the median guideline value in Perungavur?

The median guideline value in Perungavur is Rs 275 per sq.ft, with M.M. Modern City's value being above this median.

What are the stamp duty and registration fees for M.M. Modern City?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would be Rs 34,650.

Which office handles the registration for M.M. Modern City?

The Redhills Sub Registrar Office handles the registration for M.M. Modern City, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.