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Guideline Value

Corporate

Guideline Value for MURUGAPPA NAGAR (Barathi Street)

₹1800/sq.ft.

The guideline value for Murugappa Nagar (barathi Street) in Ernavur village (Thiruvottiyur SRO, Chennai zone) is Rs 1800 per sq.ft, effective 1 July 2024. It was Rs 1700 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ernavur

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1800 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1139 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Murugappa Nagar (barathi Street)

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MURUGAPPA NAGAR (Barathi Street) guideline value

The current guideline value for MURUGAPPA NAGAR (Barathi Street) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of MURUGAPPA NAGAR (Barathi Street) has changed

The guideline value for MURUGAPPA NAGAR (Barathi Street) has undergone several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, it dropped to Rs 1,139 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,700 per sq.ft in 2023 and further to Rs 1,800 per sq.ft in 2024, marking a 6% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 414%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. MURUGAPPA NAGAR (Barathi Street) is above this median.

Stamp duty and registration fee for property in MURUGAPPA NAGAR (Barathi Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is important to note that the 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 information on fees.

Which Sub Registrar Office covers MURUGAPPA NAGAR (Barathi Street)?

The Sub Registrar Office that covers MURUGAPPA NAGAR (Barathi Street) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Ernavur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for MURUGAPPA NAGAR (Barathi Street)?

The current guideline value for MURUGAPPA NAGAR (Barathi Street) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 414% over the years.

What is the land classification for MURUGAPPA NAGAR (Barathi Street)?

MURUGAPPA NAGAR (Barathi Street) is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 18,00,000, the total fees would include a stamp duty of Rs 1,26,000 and a registration fee of Rs 36,000.