Guideline Value

Corporate

Guideline Value for MURALI NAGAR ANNEX

₹600/sq.ft.

The guideline value for Murali Nagar Annex in Nadukuthagai village (Avadi SRO, Chennai zone) is Rs 600 per sq.ft, effective 1 July 2024. It was Rs 550 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nadukuthagai

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹550 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹368 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹550 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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 Murali Nagar Annex

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Murali Nagar Annex guideline value

The current guideline value for Murali Nagar Annex is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Nadukuthagai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Murali Nagar Annex has changed

Over the years, the guideline value for Murali Nagar Annex has seen several revisions. The 2012 revision set the value at Rs 550 per sq.ft, which was followed by a decrease to Rs 368 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 550 per sq.ft, and the latest revision in 2024 raised it further to Rs 600 per sq.ft.

In summary, the changes between revisions show an increase of 49% from 2017 to 2023, followed by a 9% increase from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nadukuthagai

Nadukuthagai village has 35 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,980 per sq.ft, with a median of Rs 880 per sq.ft. The guideline value for Murali Nagar Annex is below this median.

Stamp duty and registration fee for property in Murali Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Murali Nagar Annex?

The Sub Registrar Office that covers Murali Nagar Annex is the Avadi Sub Registrar Office. The address is 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 Nadukuthagai

The guideline value is a crucial factor when buying or selling property in Nadukuthagai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as per the government records. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Murali Nagar Annex?

The current guideline value for Murali Nagar Annex is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2012 to Rs 368 per sq.ft in 2017, then increased to Rs 550 per sq.ft in 2023, and finally to Rs 600 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Murali Nagar Annex?

For a 1,000 sq.ft plot valued at Rs 600 per sq.ft, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which Sub Registrar Office covers Murali Nagar Annex?

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

How does the guideline value affect property transactions?

The guideline value determines the minimum value for property registration and is used to calculate the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value during transactions.