Guideline Value

Corporate

Guideline Value for M.P.P.R Avenue Main Road

₹2500/sq.ft.

The guideline value for M.p.p.r Avenue Main Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹112 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹101 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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.p.p.r Avenue Main Road

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M.P.P.R Avenue Main Road guideline value

The current guideline value of M.P.P.R Avenue Main Road is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of M.P.P.R Avenue Main Road has changed

The guideline value for M.P.P.R Avenue Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 101 per sq.ft, which increased to Rs 112 per sq.ft in 2003. Following this, the value rose significantly to Rs 300 per sq.ft in 2007, and then to Rs 2,250 per sq.ft in 2012. However, it dropped to Rs 1,507 per sq.ft in 2017. The most recent revisions show an increase to Rs 2,250 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024, marking an 11% increase from the previous year.

Between the revisions, there were notable changes. The increase from Rs 1,507 per sq.ft in 2017 to Rs 2,250 per sq.ft in 2023 represents a 49% rise. The jump from Rs 300 per sq.ft in 2007 to Rs 2,250 per sq.ft in 2012 is a remarkable 650%. Overall, from 2002 to 2024, the guideline value has increased by 2,375%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing M.P.P.R Avenue Main Road above this median.

Stamp duty and registration fee for property in M.P.P.R Avenue Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers M.P.P.R Avenue Main Road?

The M.P.P.R Avenue Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of M.P.P.R Avenue Main Road?

The current guideline value of M.P.P.R Avenue Main Road is Rs 2,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 101 per sq.ft to Rs 2,500 per sq.ft in 2024, marking an overall increase of 2,375%.

What is the land classification for M.P.P.R Avenue Main Road?

The land classification for M.P.P.R Avenue Main Road is Residential Class III Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office should I visit for registration in this area?

The registration for M.P.P.R Avenue Main Road is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.