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Guideline Value

Corporate

Guideline Value for MEHRU NAGAR 5TH CROSS STREET

₹1650/sq.ft.

The guideline value for Mehru Nagar 5th Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Mehru Nagar 5th Cross Street

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Mehru Nagar 5th Cross Street guideline value

The current guideline value of Mehru Nagar 5th Cross Street is Rs 1,650 per sq.ft. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Mehru Nagar 5th Cross Street has changed

The guideline value for Mehru Nagar 5th Cross Street has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, marking a significant 49% increase from the previous 2023 figure. The 2012 revision also set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Mehru Nagar 5th Cross Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the 2024 guideline value for Mehru Nagar 5th Cross Street.

Stamp duty and registration fee for property in Mehru Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mehru Nagar 5th Cross Street?

The Sub Registrar Office that covers Mehru Nagar 5th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated based on the official value set by the authorities.

When a buyer or seller approaches the registration office, the guideline value is used to assess the financial obligations associated with the property transfer. This ensures transparency and compliance with the legal requirements of property transactions in the region.

Frequently asked questions

What is the current guideline value of Mehru Nagar 5th Cross Street?

The current guideline value of Mehru Nagar 5th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, a 10% increase. It was Rs 1,005 per sq.ft in 2017, which was a 49% increase from the previous 2023 figure.

What is the classification of Mehru Nagar 5th Cross Street?

Mehru Nagar 5th Cross Street is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mehru Nagar 5th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Mehru Nagar 5th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,15,500.