Guideline Value

Corporate

Guideline Value for M.S.Nagar Part IV

₹3520/sq.ft.

The guideline value for M.s.nagar Part Iv in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1706 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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]

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

M.S.Nagar Part IV guideline value

The current guideline value of M.S.Nagar Part IV is Rs 3,520 per sq.ft. This area is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of M.S.Nagar Part IV has changed

The guideline value for M.S.Nagar Part IV has seen several revisions over the years. In 2007, the value was Rs 1,706 per sq.ft, which increased significantly to Rs 3,200 per sq.ft by 2012. However, it then decreased to Rs 2,144 per sq.ft in 2017. The 2023 revision set the value at Rs 3,200 per sq.ft, and the latest revision in 2024 raised it to Rs 3,520 per sq.ft.

Between the revisions, the changes were notable. From 2007 to 2012, there was an increase of 88%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and the most recent revision reflects a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 106%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

Madanandapuram village has a total of 94 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value for these streets is Rs 3,520 per sq.ft, which is equal to the guideline value of M.S.Nagar Part IV.

Stamp duty and registration fee for property in M.S.Nagar Part IV

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost for these fees Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers M.S.Nagar Part IV?

The Sub Registrar Office that covers M.S.Nagar Part IV is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Madanandapuram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

Additionally, the guideline value serves as a reference point for both buyers and sellers, providing clarity on property worth in the area. It is essential for all parties involved in real estate transactions to understand how the guideline value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of M.S.Nagar Part IV?

The current guideline value of M.S.Nagar Part IV is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,706 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the land classification for M.S.Nagar Part IV?

M.S.Nagar Part IV is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in M.S.Nagar Part IV?

Stamp duty for properties in M.S.Nagar Part IV is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at 7%.