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Guideline Value

Corporate

Guideline Value for MURUGAN NAGAR (KOD)

₹550/sq.ft.

The guideline value for Murugan Nagar (kod) in Goodaloor village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Goodaloor

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Murugan Nagar (kod)

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Murugan Nagar (Kod) guideline value

The current guideline value of Murugan Nagar (Kod) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Goodaloor village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Murugan Nagar (Kod) has changed

The guideline value for Murugan Nagar (Kod) has seen several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and further rose to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Murugan Nagar (Kod) below this median value.

Stamp duty and registration fee for property in Murugan Nagar (Kod)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500 for these charges. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Murugan Nagar (Kod)?

The Sub Registrar Office that covers Murugan Nagar (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Goodaloor

The guideline value is a crucial factor during property transactions in Goodaloor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of ownership. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Murugan Nagar (Kod)?

The current guideline value of Murugan Nagar (Kod) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 500 per sq.ft in 2012, decreasing to Rs 335 per sq.ft in 2017, and then increasing to Rs 500 per sq.ft in 2023, finally reaching Rs 550 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Murugan Nagar (Kod)?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Murugan Nagar (Kod)?

The Chengleput Joint II Sub Registrar Office handles registrations for Murugan Nagar (Kod), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

The guideline value is significant as it determines the minimum price for which a property can be registered. It is used to calculate stamp duty and registration fees during property transactions, ensuring compliance with legal requirements.