Guideline Value

Corporate

Guideline Value for M.R.RADHA NAGAR 2ND STREET

₹802/sq.ft.

The guideline value for M.r.radha Nagar 2nd 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 2nd Street

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M.R.Radha Nagar 2nd Street guideline value

The current guideline value of M.R.Radha Nagar 2nd Street is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of M.R.Radha Nagar 2nd Street has changed

The guideline value for M.R.Radha Nagar 2nd Street has experienced several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 150 per sq.ft. This figure increased significantly to Rs 600 per sq.ft in 2012, but then saw a decrease to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, and the most recent revision in 2024 has raised it to Rs 802 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 34%. Notably, the overall increase from the 2007 revision to the 2024 revision is a substantial 435%, reflecting the changes in the property landscape over the years.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,550 per sq.ft. The median value is Rs 802 per sq.ft, which is equal to the 2024 figure for M.R.Radha Nagar 2nd Street.

Stamp duty and registration fee for property in M.R.Radha Nagar 2nd 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, bringing the total to Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.R.Radha Nagar 2nd Street?

The Sub Registrar Office that covers M.R.Radha Nagar 2nd Street is 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 in property transactions in Mitnamalle, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally recognized.

It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process. Understanding the guideline value helps in making informed decisions when engaging in property transactions in the area.

Frequently asked questions

What is the current guideline value of M.R.Radha Nagar 2nd Street?

The current guideline value of M.R.Radha Nagar 2nd 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 significantly 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 stamp duty and registration fees for properties in M.R.Radha Nagar 2nd Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 8,02,000. The stamp duty would be Rs 56,140 and the registration fee would be Rs 16,040, totaling Rs 72,180.

Which office handles the registration for M.R.Radha Nagar 2nd Street?

The Avadi Sub Registrar Office handles the registration for M.R.Radha Nagar 2nd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions as it determines the minimum registration value for properties. It is used to calculate stamp duty and registration fees during the buying or selling process.