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Guideline Value

Corporate

Guideline Value for MURUGAN NAGAR & J.P. AVENUE

₹2200/sq.ft.

The guideline value for Murugan Nagar & J.p. Avenue in Puthur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Puthur

Village

Tambaram Joint 1

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Nagar & J.p. Avenue

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Murugan Nagar & J.P. Avenue guideline value

The current guideline value of Murugan Nagar & J.P. Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Puthur village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Murugan Nagar & J.P. Avenue has changed

The guideline value for Murugan Nagar & J.P. Avenue has seen several revisions over the years. The most recent revision took place in 2024, where the guideline value was set at Rs 2,200 per sq.ft, reflecting a 10% increase from the 2023 revision of Rs 2,000 per sq.ft. Prior to this, the register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The historical revisions do not provide any figures for this street, indicating that the most recent changes are the only available data for buyers and sellers.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Murugan Nagar & J.P. Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Murugan Nagar & J.P. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that 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 Nagar & J.P. Avenue?

The Sub Registrar Office that covers Murugan Nagar & J.P. Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the 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 during the registration of property transactions in Puthur. It serves as a benchmark for determining the official value of a property, ensuring that the transaction is recorded accurately in the government registry.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Murugan Nagar & J.P. Avenue?

The current guideline value of Murugan Nagar & J.P. Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Murugan Nagar & J.P. Avenue has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Puthur?

The median guideline value for streets in Puthur is Rs 1,100 per sq.ft. Murugan Nagar & J.P. Avenue's 2024 figure of Rs 2,200 per sq.ft is above this median.

What are the registration fees for property in Murugan Nagar & J.P. Avenue?

The registration fee for property in Murugan Nagar & J.P. Avenue is calculated at 2% of the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Where can I find the Sub Registrar Office for Murugan Nagar & J.P. Avenue?

The Sub Registrar Office for Murugan Nagar & J.P. Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information about your SRO through the provided link.