Guideline Value

Corporate

Guideline Value for M.R.M.GARDEN

₹950/sq.ft.

The guideline value for M.r.m.garden in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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)

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.M.Garden guideline value

The current guideline value of M.R.M.Garden in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This property falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of M.R.M.Garden has changed

The guideline value for M.R.M.Garden has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 900 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 603 per sq.ft. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then rose again to the current rate of Rs 950 per sq.ft in 2024, marking a 6% increase from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, where the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, placing M.R.M.Garden's 2024 figure below that median.

Stamp duty and registration fee for property in M.R.M.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.R.M.Garden?

The M.R.M.Garden area falls under 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the transaction must be registered at the local SRO, where the guideline value will be referenced. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of M.R.M.Garden?

The current guideline value of M.R.M.Garden is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 603 in 2017, then increased to Rs 900 in 2023, and finally to Rs 950 in 2024.

What are the guideline values of other streets in Paruthipattu?

Other streets in Paruthipattu under the Avadi SRO have a guideline value of Rs 1,625 per sq.ft in 2024, which is higher than that of M.R.M.Garden.

Where is the Avadi Sub Registrar Office located?

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

How is stamp duty calculated for properties in M.R.M.Garden?

Stamp duty for properties in M.R.M.Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500.