Guideline Value

Corporate

Guideline Value for M.V.L.NAGAR

₹880/sq.ft.

The guideline value for M.v.l.nagar in Minjur village (Ponneri SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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.v.l.nagar

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.V.L.Nagar guideline value

The current guideline value of M.V.L.Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Minjur village, under the Ponneri Sub Registrar Office (SRO) jurisdiction. The land classification for this area is Residential Class I Type - I.

How the guideline value of M.V.L.Nagar has changed

The guideline value for M.V.L.Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 536 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2017 revision to the 2024 revision, the overall increase in the guideline value is 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing M.V.L.Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in M.V.L.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Therefore, the total cost for stamp duty and registration fee together would be Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.V.L.Nagar?

The Sub Registrar Office that covers M.V.L.Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is sold, the buyer must ensure that the transaction is registered at the appropriate Sub Registrar Office, where the guideline value will be referenced for calculating the applicable fees. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of M.V.L.Nagar?

The current guideline value of M.V.L.Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for M.V.L.Nagar?

The registration office for M.V.L.Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at Rs 880 per sq.ft results in a total guideline value of Rs 8,80,000.

What are the other streets in Minjur with their guideline values?

Other streets in Minjur include Nadu Theru and Nandhiyam Pakkam Road, both valued at Rs 550 per sq.ft, and Narasimha Avenue(Phase I&ii), which is also valued at Rs 880 per sq.ft in 2024.