Guideline Value

Corporate

Guideline Value for MGR NAGAR 1ST LANE

₹770/sq.ft.

The guideline value for Mgr Nagar 1st Lane in Tiruttani village (Thiruttani SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 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

Tiruttani

Village

Thiruttani

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209
044-27881504
[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 Mgr Nagar 1st Lane

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Mgr Nagar 1st Lane guideline value

The current guideline value of Mgr Nagar 1st Lane is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class IV Type - I.

How the guideline value of Mgr Nagar 1st Lane has changed

The guideline value for Mgr Nagar 1st Lane has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. Mgr Nagar 1st Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Mgr Nagar 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mgr Nagar 1st Lane?

The Sub Registrar Office that covers Mgr Nagar 1st Lane is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Tiruttani. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is essential for both parties in a transaction to understand how this value impacts the overall costs associated with property transfer.

Frequently asked questions

What is the current guideline value of Mgr Nagar 1st Lane?

The current guideline value of Mgr Nagar 1st Lane is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in Mgr Nagar 1st Lane?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Mgr Nagar 1st Lane?

The Thiruttani Sub Registrar Office covers Mgr Nagar 1st Lane, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the land classification of Mgr Nagar 1st Lane?

Mgr Nagar 1st Lane is classified as Residential Class IV Type - I. This classification is important for understanding the zoning and permissible uses of the property.