Guideline Value

Corporate

Guideline Value for MURALI NAGAR

₹600/sq.ft.

The guideline value for Murali Nagar 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 ₹100 /sq.ft.
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

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Murali Nagar guideline value

The current guideline value of Murali Nagar, located in Nadukuthagai village, is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office and is classified as Residential Class II Type - II.

How the guideline value of Murali Nagar has changed

The guideline value for Murali Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 550 per sq.ft in 2012, marking a 450% rise. However, it then decreased to Rs 368 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 550 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 600 per sq.ft, representing a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Nadukuthagai

Nadukuthagai village has a range of guideline values across its 35 streets under the Avadi SRO, with values ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value in the village is Rs 880 per sq.ft, placing Murali Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Murali Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that 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 Murali Nagar?

The Sub Registrar Office that covers Murali 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 Nadukuthagai

The guideline value plays a crucial role in the registration process when buying or selling property in Nadukuthagai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When a property transaction occurs, the guideline value is assessed to determine the applicable fees. Buyers and sellers must be aware of the current guideline value to accurately estimate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Murali Nagar?

The current guideline value of Murali Nagar 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 100 per sq.ft in 2007 to Rs 600 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations in Murali Nagar?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures a standardized approach to calculating these fees based on the assessed value of the property.