Guideline Value

Corporate

Guideline Value for M.S.S. Nagar

₹3520/sq.ft.

The guideline value for M.s.s. Nagar in Kattupakkam 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 - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kattupakkam

Village

Kunrathur

SRO

Residential Special Type - I
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 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹210 /sq.ft.
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]

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M.S.S. Nagar guideline value

The current guideline value of M.S.S. Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

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

The guideline value for M.S.S. Nagar has seen several revisions over the years. Starting from Rs 210 per sq.ft in 2003, it increased to Rs 350 per sq.ft in 2007. The value then rose significantly to Rs 3,200 per sq.ft in 2012, followed by a decrease to Rs 2,144 per sq.ft in 2017. The value experienced a substantial increase to Rs 3,200 per sq.ft in 2023, before reaching the current rate of Rs 3,520 per sq.ft in 2024. The register has no figure for this street in 2002.

Between the revisions, the changes were notable. From 2003 to 2007, the increase was +67%, followed by a remarkable +814% from 2007 to 2012. The value then decreased by -33% from 2012 to 2017, and increased by +49% from 2017 to 2023. The most recent change from 2023 to 2024 saw an increase of +10%. Overall, from 2003 to 2024, the guideline value has increased by +1576%.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing M.S.S. Nagar's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 3,16,800. 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 more details.

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

The Sub Registrar Office that covers M.S.S. Nagar 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 Kattupakkam

The guideline value is a critical factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Kattupakkam, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Kattupakkam.

Frequently asked questions

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

The current guideline value of M.S.S. Nagar 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 significantly from Rs 210 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of +1576% over the years.

What is the land classification of M.S.S. Nagar?

M.S.S. Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for M.S.S. Nagar?

The Kunrathur Sub Registrar Office covers M.S.S. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total stamp duty and registration fee of Rs 3,16,800.