Guideline Value

Corporate

Guideline Value for M.R.F.NAGAR

₹935/sq.ft.

The guideline value for M.r.f.nagar in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹115 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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M.R.F.Nagar guideline value

The current guideline value of M.R.F.Nagar is Rs 935 per sq.ft, effective from 1 July 2024. This area is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of M.R.F.Nagar has changed

The guideline value for M.R.F.Nagar has seen several revisions over the years. In 2003, the value was Rs 115 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 850 per sq.ft, but this was followed by a decrease to Rs 569 per sq.ft in 2017. The value then increased significantly to Rs 850 per sq.ft in 2023, and currently stands at Rs 935 per sq.ft as of the 2024 revision. The changes between these revisions include a 204% increase from 2003 to 2007, a 143% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Overall, from 2003 to 2024, the guideline value has increased by 713%. It is important to note that there is no figure for M.R.F.Nagar in the 2002 revision.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of M.R.F.Nagar.

Stamp duty and registration fee for property in M.R.F.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. Please 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 further calculations.

Which Sub Registrar Office covers M.R.F.Nagar?

The Sub Registrar Office that covers M.R.F.Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of M.R.F.Nagar?

The current guideline value of M.R.F.Nagar is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 115 per sq.ft in 2003 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 713% over this period.

What are the other streets in Vilingiyambakkam with their guideline values?

Other streets in Vilingiyambakkam include Moses St and Moses 1st Cross St at Rs 1,310 per sq.ft, M.T.H.Road at Rs 1,320 per sq.ft, and Mullai St also at Rs 1,310 per sq.ft, among others.

What fees are associated with buying property in M.R.F.Nagar?

When buying property in M.R.F.Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for M.R.F.Nagar located?

The Avadi Sub Registrar Office covering M.R.F.Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.