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Guideline Value

Corporate

Guideline Value for MURUGAN NAGAR (KOD)

₹551/sq.ft.

The guideline value for Murugan Nagar (kod) in Kadampur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 551 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 - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kadampur

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹551 /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) in Kadampur village is Rs 551 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

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

Over the years, the guideline value for Murugan Nagar (Kod) has undergone several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and the current value as of 2024 is Rs 551 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From the 2017 to 2023 revision, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Kadampur

Kadampur village has a total of 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 551 per sq.ft, making the current value for Murugan Nagar (Kod) equal to this median.

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 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, making the total fees together Rs 49,590. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadampur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the appropriate legal value of the property. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value of Murugan Nagar (Kod) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 551 per sq.ft in 2024, up from Rs 500 per sq.ft in 2023. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for Murugan Nagar (Kod)?

Murugan Nagar (Kod) is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Murugan Nagar (Kod)?

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

How is the stamp duty calculated for property in Murugan Nagar (Kod)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 38,570.