Guideline Value

Corporate

Guideline Value for MAYUR GARDENPHASE-1

₹100/sq.ft.

The guideline value for Mayur Gardenphase-1 in Gunippalaiyam village (Oothukkottai SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Gunippalaiyam

Village

Oothukkottai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹50 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹75 /sq.ft.
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)

Near-government Hospital Uthukottai. 602026
044-27631361
[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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Mayur Gardenphase-1 guideline value

The current guideline value of Mayur Gardenphase-1 is Rs 100 per sq.ft. This area is located in Gunippalaiyam village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mayur Gardenphase-1 has changed

The guideline value for Mayur Gardenphase-1 has undergone several revisions over the years. The earliest available revision is from 2012, which set the guideline value at Rs 75 per sq.ft. This was followed by a revision in 2017, where the value increased to Rs 50 per sq.ft, marking a decrease of 33%. In 2023, the value was revised again to Rs 100 per sq.ft, showing a significant increase of 100% from the previous revision. The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 100 per sq.ft, reflecting no change from the 2023 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Gunippalaiyam

In Gunippalaiyam village, there are 11 streets under the Oothukkottai SRO that carry a 2024 guideline value. The guideline value for Mayur Gardenphase-1 is equal to the median value of Rs 100 per sq.ft for these streets.

Stamp duty and registration fee for property in Mayur Gardenphase-1

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, and the registration fee, charged at 2%, would be Rs 2,000, making the total cost for these fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mayur Gardenphase-1?

The Sub Registrar Office that covers Mayur Gardenphase-1 is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Gunippalaiyam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling a property, the guideline value helps ensure that the transaction is conducted at a fair price, as it reflects the official valuation set by the government.

Additionally, the guideline value affects the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value when planning a property transaction.

Frequently asked questions

What is the current guideline value of Mayur Gardenphase-1?

The current guideline value of Mayur Gardenphase-1 is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 100 per sq.ft in 2023 and 2024, with a notable increase of 100% from 2017 to 2023.

What is the registration office for Mayur Gardenphase-1?

The registration office for Mayur Gardenphase-1 is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the stamp duty calculated?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Are there any other streets with the same guideline value in Gunippalaiyam?

Yes, there are several other streets in Gunippalaiyam that also have a guideline value of Rs 100 per sq.ft for the year 2024, including Mayur Garden and Mothi Nagar.