Guideline Value

Corporate

Guideline Value for MURTHI NAGR BACK SIDE, M.G.R.ST

₹1625/sq.ft.

The guideline value for Murthi Nagr Back Side, M.g.r.st in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Murthi Nagr Back Side, M.g.r.st

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Murthi Nagr Back Side, M.G.R.St guideline value

The current guideline value for Murthi Nagr Back Side, M.G.R.St is Rs 1,625 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Murthi Nagr Back Side, M.G.R.St has changed

The guideline value for Murthi Nagr Back Side, M.G.R.St has seen several revisions over the years. The earliest recorded figure is from 2012, set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and most recently, it has risen to Rs 1,625 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 87%. Overall, from 2012 to 2024, the guideline value has increased by 35%. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is the same as the current value for Murthi Nagr Back Side, M.G.R.St.

Stamp duty and registration fee for property in Murthi Nagr Back Side, M.G.R.St

For a 1,000 sq.ft plot at the current rate of Rs 1,625 per sq.ft, the guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. 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 Murthi Nagr Back Side, M.G.R.St?

The Sub Registrar Office that covers Murthi Nagr Back Side, M.G.R.St 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 further assistance.

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

The guideline value is a critical factor in the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Murthi Nagr Back Side, M.G.R.St?

The current guideline value for Murthi Nagr Back Side, M.G.R.St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,625 per sq.ft in 2024, with various revisions in between, including an increase of 87% from 2017 to 2023.

What is the land classification for Murthi Nagr Back Side, M.G.R.St?

The land classification for Murthi Nagr Back Side, M.G.R.St is Residential Special Type - I.

Where can I find the Sub Registrar Office for Murthi Nagr Back Side, M.G.R.St?

The Sub Registrar Office for Murthi Nagr Back Side, M.G.R.St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Murthi Nagr Back Side, M.G.R.St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 at 7%.