Guideline Value

Corporate

Guideline Value for MEHRU NAGAR MAIN ROAD

₹1650/sq.ft.

The guideline value for Mehru Nagar Main Road 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 Main Road

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Mehru Nagar Main Road guideline value

The current guideline value of Mehru Nagar Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Mehru Nagar Main Road has changed

The guideline value for Mehru Nagar Main Road has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,500 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The guideline value then increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from the 2012 figure to the current 2024 figure.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Mehru Nagar Main Road.

Stamp duty and registration fee for property in Mehru Nagar Main Road

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 is charged at 7%, which totals Rs 1,15,500, and the registration fee is charged at 2%, amounting to Rs 33,000. Therefore, the total amount payable for stamp duty and registration fee together is Rs 1,48,500. 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 Mehru Nagar Main Road?

The Sub Registrar Office that covers Mehru Nagar Main Road 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 is an essential factor when buying or selling property in Pallikaranai. It serves as a benchmark for determining the registration fees and stamp duty that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value influences the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the prevailing market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Mehru Nagar Main Road?

The current guideline value of Mehru Nagar Main Road 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 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Mehru Nagar Main Road?

The land classification for Mehru Nagar Main Road is Residential Class IV Type - I.

What are the other streets in Pallikaranai with the same guideline value?

Other streets in Pallikaranai that share the same guideline value of Rs 1,650 per sq.ft include Mehru Nagar Extn., Mehru Nagar 5th Cross Street, Mehru Nagar 4th Cross Street, Mehru Nagar 3rd Cross Street, Mehru Nagar 2nd Cross Street, and Mehru Nagar 1st Street.

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

The Sub Registrar Office for Mehru Nagar Main Road 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.