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Guideline Value

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Guideline Value for M.M.R.D. SCHEME ROAD (200 FEET ROAD)

₹6600/sq.ft.

The guideline value for M.m.r.d. Scheme Road (200 Feet Road) in Okkiyamthuraipakkam village (Neelankarai 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 Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special 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 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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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.m.r.d. Scheme Road (200 Feet Road)

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M.M.R.D. Scheme Road (200 Feet Road) guideline value

The current guideline value of M.M.R.D. Scheme Road (200 Feet Road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - I.

How the guideline value of M.M.R.D. Scheme Road (200 Feet Road) has changed

Over the years, the guideline value of M.M.R.D. Scheme Road has seen several revisions. The 2012 revision set the value at Rs 6,000 per sq.ft, which was then revised down to Rs 4,020 per sq.ft in 2017. This was a decrease of 33%. Following this, the value increased significantly to Rs 6,000 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 has set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing M.M.R.D. Scheme Road's 2024 figure above this median.

Stamp duty and registration fee for property in M.M.R.D. Scheme Road (200 Feet Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is essential 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.R.D. Scheme Road (200 Feet Road)?

The M.M.R.D. Scheme Road (200 Feet Road) is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Okkiyamthuraipakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a recognized value.

When buying or selling property, the guideline value helps in determining the legal obligations for both parties involved in the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of M.M.R.D. Scheme Road?

The current guideline value of M.M.R.D. Scheme Road (200 Feet 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 changed several times, with the most recent increase being from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, a 10% increase. The value was Rs 4,020 per sq.ft in 2017, marking a significant increase from previous years.

What is the land classification for M.M.R.D. Scheme Road?

M.M.R.D. Scheme Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for M.M.R.D. Scheme Road?

The registration office for M.M.R.D. Scheme Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Okkiyamthuraipakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be calculated accordingly, along with the registration fee.