Guideline Value

Corporate

Guideline Value for M.R. Nagar 4th Cross Street

₹2500/sq.ft.

The guideline value for M.r. Nagar 4th Cross Street in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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.r. Nagar 4th Cross Street

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M.R. Nagar 4th Cross Street guideline value

The current guideline value of M.R. Nagar 4th Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of M.R. Nagar 4th Cross Street has changed

The guideline value of M.R. Nagar 4th Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,541 per sq.ft in 2017. This was a decline of 23%. However, from 2017 to 2023, the value increased significantly to Rs 2,300 per sq.ft, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,500 per sq.ft, reflecting an increase of 9% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for M.R. Nagar 4th Cross Street. Overall, comparing the values from 2012 to 2024, there has been a total increase of 25% in the guideline value.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, which is equal to the current guideline value of M.R. Nagar 4th Cross Street.

Stamp duty and registration fee for property in M.R. Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, leading to a total of 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.

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

Which Sub Registrar Office covers M.R. Nagar 4th Cross Street?

The Sub Registrar Office that covers M.R. Nagar 4th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Erukancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the sale price is not undervalued.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees, which are mandatory costs involved in the transaction. Buyers and sellers must consider these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of M.R. Nagar 4th Cross Street?

The current guideline value of M.R. Nagar 4th Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What is the land classification for M.R. Nagar 4th Cross Street?

The land classification for M.R. Nagar 4th Cross Street is Residential Class III Type - I.

Where can I find the registration office for M.R. Nagar 4th Cross Street?

The registration office for M.R. Nagar 4th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in M.R. Nagar 4th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at 7%.