Guideline Value

Corporate

Guideline Value for MAIN ROAD

₹802/sq.ft.

The guideline value for Main Road in Mukthapudupattu village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 101% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mukthapudupattu

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹400 /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 ₹205 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹64 /sq.ft.
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 Main Road

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Main Road guideline value

The current guideline value of Main Road in Mukthapudupattu village is Rs 802 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Main Road has changed

The guideline value for Main Road has seen several revisions since 2002. In 2002, the value was Rs 64 per sq.ft, which increased significantly to Rs 205 per sq.ft in 2007. Following this, there was a substantial rise to Rs 600 per sq.ft in 2012, but it then decreased to Rs 402 per sq.ft in 2017. The value remained unchanged at Rs 400 per sq.ft in 2023 before jumping to Rs 802 per sq.ft in 2024, marking a 101% increase from the previous year.

Between the revisions, the most notable change was from 2002 to 2024, which shows an overall increase of 1153%. It is important to note that there is no figure available for the year 2003 for this street in the register.

Guideline values in Mukthapudupattu

Mukthapudupattu has a total of 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft. The median value for these streets is Rs 802 per sq.ft, which aligns with the current guideline value for Main Road.

Stamp duty and registration fee for property in Main Road

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 cost for these fees to Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Main Road?

The Sub Registrar Office covering Main Road 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mukthapudupattu. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Main Road in Mukthapudupattu?

The current guideline value of Main Road in Mukthapudupattu 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 from Rs 64 per sq.ft in 2002 to Rs 802 per sq.ft in 2024, showing an overall increase of 1153%. Significant changes occurred between 2007 and 2012, and again from 2023 to 2024.

What are the other streets in Mukthapudupattu and their guideline values?

Other streets in Mukthapudupattu include Maruthi Nagar at Rs 804 per sq.ft, Masoothi St at Rs 802 per sq.ft, and several streets under M.E.S.Salai, all at Rs 802 per sq.ft.

What fees are associated with property transactions on Main Road?

For a property on Main Road, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 72,180.

Where can I find the Sub Registrar Office for Main Road?

The Avadi Sub Registrar Office covers Main Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.