Guideline Value

Corporate

Guideline Value for M.M.T.C. Colony Kamarajar Nagar

₹4400/sq.ft.

The guideline value for M.m.t.c. Colony Kamarajar Nagar in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1700 /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)

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.m.t.c. Colony Kamarajar Nagar

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M.M.T.C. Colony Kamarajar Nagar guideline value

The current guideline value of M.M.T.C. Colony Kamarajar Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village and falls under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of M.M.T.C. Colony Kamarajar Nagar has changed

The guideline value has undergone several revisions over the years. In 2007, the value was Rs 1,700 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 135%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 159%, showcasing significant fluctuations over the years.

Guideline values in Thalakanancherry

Thalakanancherry village has a range of guideline values across its 318 streets, with the 2024 figures ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, placing M.M.T.C. Colony Kamarajar Nagar's current value above this median.

Stamp duty and registration fee for property in M.M.T.C. Colony Kamarajar Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M.T.C. Colony Kamarajar Nagar?

The M.M.T.C. Colony Kamarajar Nagar falls under the jurisdiction of the Alandur Sub Registrar Office located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When buying or selling property, the guideline value is used to assess the amount of stamp duty that needs to be paid. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline register.

Frequently asked questions

What is the current guideline value of M.M.T.C. Colony Kamarajar Nagar?

The current guideline value of M.M.T.C. Colony Kamarajar Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with notable increases and decreases in between.

What is the median guideline value in Thalakanancherry?

The median guideline value in Thalakanancherry is Rs 3,900 per sq.ft, with M.M.T.C. Colony Kamarajar Nagar's value being above this median.

What are the stamp duty rates for properties in M.M.T.C. Colony Kamarajar Nagar?

The stamp duty for properties in M.M.T.C. Colony Kamarajar Nagar is charged at a rate of 7% on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for M.M.T.C. Colony Kamarajar Nagar?

The Sub Registrar Office for M.M.T.C. Colony Kamarajar Nagar is the Alandur SRO, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.