Guideline Value

Corporate

Guideline Value for MGR NAGAR 5TH LANE

₹770/sq.ft.

The guideline value for Mgr Nagar 5th 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 5th Lane

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Mgr Nagar 5th Lane guideline value

The current guideline value of Mgr Nagar 5th Lane is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Mgr Nagar 5th Lane has changed

The guideline value for Mgr Nagar 5th Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, an increase from the 2023 revision of Rs 700 per sq.ft, marking a change of +10%. Prior to this, the 2017 revision recorded a value of Rs 469 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023.

Overall, from the 2017 revision to the current 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

Tiruttani village has a total of 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value across these streets is Rs 825 per sq.ft, which means that the guideline value of Mgr Nagar 5th Lane is below this median.

Stamp duty and registration fee for property in Mgr Nagar 5th 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, while the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the 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 Mgr Nagar 5th Lane?

The Sub Registrar Office that covers Mgr Nagar 5th 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 details.

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

The guideline value is a critical factor when registering property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mgr Nagar 5th Lane?

The current guideline value of Mgr Nagar 5th 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 from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024. This represents an overall increase of +64% from 2017 to 2024.

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

Other streets in Tiruttani, such as Mgr Nagar 2nd Lane, 3rd Lane, 4th Lane, 6th Lane, 7th Lane, and 8th Lane, also have a guideline value of Rs 770 per sq.ft for 2024.

What fees are associated with buying property in Mgr Nagar 5th Lane?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 69,300.

Which office handles property registrations for Mgr Nagar 5th Lane?

The Thiruttani Sub Registrar Office is responsible for property registrations in Mgr Nagar 5th Lane, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.