Guideline Value for MRIDUL SAI NAGAR

Mridul Sai Nagar guideline value

The current guideline value of Mridul Sai Nagar, located in Thandurai village, falls under the Avadi SRO at Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Mridul Sai Nagar has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a 19% rise. The 2024 revision has maintained this value at Rs 800 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 19%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Mridul Sai Nagar's 2024 guideline value is below this median.

• M.T.H.Road: Rs 2,200 per sq.ft (2024)
• Mullai Nagar: Rs 803 per sq.ft (2024)
• Mullai Nagar & Streets: Rs 1,300 per sq.ft (2024)
• Modern City: Rs 2,420 per sq.ft (2024)
• Model St Kakkanji Nagar: Rs 800 per sq.ft (2024)
• M.K. Gandhi Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Mridul Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mridul Sai Nagar?

The Sub Registrar Office that covers Mridul Sai Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price. The higher amount is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mridul Sai Nagar?

The current guideline value of Mridul Sai Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 800 per sq.ft in 2023 and 2024, representing a 19% increase over this period.

What are the other streets in Thandurai with their guideline values?

Other streets in Thandurai include M.T.H.Road at Rs 2,200 per sq.ft, Mullai Nagar at Rs 803 per sq.ft, and Modern City at Rs 2,420 per sq.ft, among others.

How is stamp duty calculated for properties in Mridul Sai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.

Where can I find the Sub Registrar Office for Mridul Sai Nagar?

The Avadi Sub Registrar Office covers Mridul Sai Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.