Guideline Value

Corporate

Guideline Value for MURUGAN AVENUE PHASE IV

₹1100/sq.ft.

The guideline value for Murugan Avenue Phase Iv in Puthur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Puthur

Village

Tambaram Joint 1

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Murugan Avenue Phase Iv

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Murugan Avenue Phase IV guideline value

The current guideline value of Murugan Avenue Phase IV is Rs 1,100 per sq.ft. This property is located in Puthur village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - V.

How the guideline value of Murugan Avenue Phase IV has changed

The guideline value for Murugan Avenue Phase IV has undergone several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft. This was followed by a decrease in 2017, where it dropped to Rs 670 per sq.ft. The subsequent revision in 2023 saw a significant increase to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes were as follows: from 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Murugan Avenue Phase IV.

Stamp duty and registration fee for property in Murugan Avenue Phase IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Murugan Avenue Phase IV?

The Sub Registrar Office that covers Murugan Avenue Phase IV is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puthur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that the fees are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it can affect the overall cost of the transaction. Understanding the guideline value helps in budgeting for the additional costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Murugan Avenue Phase IV?

The current guideline value of Murugan Avenue Phase IV is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Murugan Avenue Phase IV?

The land classification for Murugan Avenue Phase IV is Residential Special Type - V.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000 for these fees.

Where is the Sub Registrar Office for Murugan Avenue Phase IV located?

The Sub Registrar Office covering Murugan Avenue Phase IV is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.