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Guideline Value

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Guideline Value for MALLIGAI NAGAR (M.T.B.SCHEME)

₹4400/sq.ft.

The guideline value for Malligai Nagar (m.t.b.scheme) in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1943 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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]
Records for a plot on Malligai Nagar (m.t.b.scheme)

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Malligai Nagar (M.T.B.Scheme) guideline value

The current guideline value of Malligai Nagar (M.T.B.Scheme) is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this street is Residential Class III Type - III.

How the guideline value of Malligai Nagar (M.T.B.Scheme) has changed

The guideline value for Malligai Nagar has seen several revisions over the years. The earliest recorded figure is from the 2003 revision, which was Rs 1,943 per sq.ft. This value increased to Rs 3,000 per sq.ft in 2007, then saw a rise to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the most recent 2024 revision has set it at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, significant changes were noted. From 2003 to 2007, the guideline value increased by 54%, followed by a 33% rise from 2007 to 2012. The value then dropped by 33% from 2012 to 2017. A substantial increase of 49% was recorded from 2017 to 2023, leading to an overall increase of 126% from 2003 to 2024.

Guideline values in Tnagar

In Tnagar village, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value in this area is Rs 11,000 per sq.ft, indicating that the guideline value of Malligai Nagar is below this median.

Stamp duty and registration fee for property in Malligai Nagar (M.T.B.Scheme)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malligai Nagar (M.T.B.Scheme)?

The Sub Registrar Office that covers Malligai Nagar (M.T.B.Scheme) is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is essential to be aware of the current guideline value to understand the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Malligai Nagar (M.T.B.Scheme)?

The current guideline value of Malligai Nagar (M.T.B.Scheme) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,943 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024. Significant changes include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

What is the land classification for Malligai Nagar (M.T.B.Scheme)?

The land classification for Malligai Nagar (M.T.B.Scheme) is Residential Class III Type - III.

Where can I find the Sub Registrar Office for Malligai Nagar?

The Sub Registrar Office for Malligai Nagar is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is stamp duty calculated for property in Malligai Nagar?

Stamp duty for property in Malligai Nagar is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.