Guideline Value

Corporate

Guideline Value for M.R.RADHA NAGAR 1ST STREET

₹802/sq.ft.

The guideline value for M.r.radha Nagar 1st Street in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
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]
Records for a plot on M.r.radha Nagar 1st Street

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M.R.Radha Nagar 1st Street guideline value

The current guideline value of M.R.Radha Nagar 1st Street is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of M.R.Radha Nagar 1st Street has changed

The guideline value for M.R.Radha Nagar 1st Street has undergone several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The value saw a substantial increase to Rs 600 per sq.ft in 2023, and most recently, it has risen to Rs 802 per sq.ft in the 2024 revision, marking a 34% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 435%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft, with the median being Rs 802 per sq.ft. The guideline value for M.R.Radha Nagar 1st Street aligns with this median.

Stamp duty and registration fee for property in M.R.Radha Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, making the total cost for these fees Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.R.Radha Nagar 1st Street?

The M.R.Radha Nagar 1st Street falls under the Avadi Sub Registrar Office. The office is 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 Mitnamalle

The guideline value plays a crucial role during the registration of property transactions in Mitnamalle. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value is used to calculate applicable fees, such as stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for M.R.Radha Nagar 1st Street?

The current guideline value for M.R.Radha Nagar 1st Street is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 802 per sq.ft in 2024, reflecting an overall increase of 435% over the years.

What are the other streets in Mitnamalle with similar guideline values?

Other streets in Mitnamalle with similar guideline values include M.R.Radha Nagar 2nd Street and Main Road, both at Rs 802 per sq.ft in 2024.

How is the stamp duty calculated for properties in M.R.Radha Nagar 1st Street?

Stamp duty for properties in M.R.Radha Nagar 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for M.R.Radha Nagar 1st Street?

The Sub Registrar Office for M.R.Radha Nagar 1st Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.