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Guideline Value

Corporate

Guideline Value for M.R. Nagar 6th Cross Street

₹2700/sq.ft.

The guideline value for M.r. Nagar 6th Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 6th Cross Street

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M.R. Nagar 6th Cross Street guideline value

The current guideline value for M.R. Nagar 6th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of M.R. Nagar 6th Cross Street has changed

The guideline value for M.R. Nagar 6th Cross Street has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft, which increased to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase.

This increase in the guideline value reflects the current market conditions and the overall median value for the area. The 2024 figure of Rs 2,700 per sq.ft is equal to the median guideline value for 1318 streets in Kodungaiyur, which ranges from Rs 1,900 to Rs 4,000 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values vary across different streets, with the median value being Rs 2,700 per sq.ft. M.R. Nagar 6th Cross Street's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in M.R. Nagar 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.R. Nagar 6th Cross Street?

The M.R. Nagar 6th Cross Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees when registering a property. Buyers and sellers must be aware of the current guideline value to ensure proper compliance with legal requirements during the transaction.

Additionally, the guideline value serves as a benchmark for property valuation, helping to establish a fair basis for negotiations between buyers and sellers. Understanding the guideline value is essential for making informed decisions in real estate transactions.

Frequently asked questions

What is the current guideline value of M.R. Nagar 6th Cross Street?

The current guideline value of M.R. Nagar 6th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for M.R. Nagar 6th Cross Street has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur that share the same guideline value of Rs 2,700 per sq.ft include M.R. Nagar 5th Street, M.R. Nagar 5th Cross Street, M.R. Nagar 4th Street, M.R. Nagar 4th Cross Street, M.R. Nagar 3rd Street, and M.R. Nagar 3rd Main Street.

What are the stamp duty and registration fees for properties in M.R. Nagar 6th Cross Street?

The stamp duty for a property valued at Rs 27,00,000 is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for M.R. Nagar 6th Cross Street?

The Madhavaram Sub Registrar Office covers M.R. Nagar 6th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.