Guideline Value

Corporate

Guideline Value for M.V.NAGAR

₹750/sq.ft.

The guideline value for M.v.nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /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)

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]

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M.V.Nagar guideline value

The current guideline value of M.V.Nagar, located in Thiruninravur-A village under the Avadi SRO, is Rs 750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

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

The guideline value for M.V.Nagar has undergone several revisions over the years. In the 2017 revision, the value was Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 figure, there has been a total increase of 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current value of M.V.Nagar.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.V.Nagar?

The Sub Registrar Office that covers M.V.Nagar is the Avadi Sub Registrar Office, 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 details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A, 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 applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. This value is regularly updated to reflect changes in the real estate market, making it important to check the latest figures before proceeding with any transactions.

Frequently asked questions

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

The current guideline value of M.V.Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of 60%. The value was Rs 700 per sq.ft in 2023, showing a 7% increase in the latest revision.

What are the stamp duty and registration fees for property in M.V.Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,50,000. The stamp duty would be Rs 52,500, and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles registrations for M.V.Nagar?

The Avadi Sub Registrar Office handles registrations for M.V.Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and to calculate applicable stamp duty and registration fees. It ensures that property transactions are conducted transparently and in accordance with legal requirements.