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Guideline Value

Corporate

Guideline Value for MURUGAPPA NAGAR (Elango Street)

₹1800/sq.ft.

The guideline value for Murugappa Nagar (elango 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 (elango Street)

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MURUGAPPA NAGAR (Elango Street) guideline value

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

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

The guideline value for MURUGAPPA NAGAR (Elango 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 saw a decline to Rs 1,139 per sq.ft in 2017. The value then rose sharply to Rs 1,700 per sq.ft in 2023, and most recently, it has increased to Rs 1,800 per sq.ft in 2024, marking a 6% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 414%. The register has no 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 have 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 (Elango Street) is above this median value.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to 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 and the sale price.

You can use our stamp duty and registration fee calculator for more information.

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

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

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ernavur, this value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It ensures that all property transactions are conducted transparently and fairly, providing a standard reference point for both buyers and sellers. The guideline value helps in maintaining a uniform pricing structure across different properties in the area.

Frequently asked questions

What is the current guideline value of MURUGAPPA NAGAR (Elango Street)?

The current guideline value of MURUGAPPA NAGAR (Elango 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, showing an overall increase of 414% over the years.

What is the registration office for MURUGAPPA NAGAR (Elango Street)?

The registration office for MURUGAPPA NAGAR (Elango Street) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in MURUGAPPA NAGAR (Elango Street)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 18,00,000 would incur a stamp duty of Rs 1,26,000 at a rate of 7%.

What are the other streets in Ernavur with the same guideline value?

Other streets in Ernavur that share the same guideline value of Rs 1,800 per sq.ft include MURUGAPPA NAGAR (Barathi Street), MURUGAPPA NAGAR (Ganthi Street), MURUGAPPA NAGAR (Kambar Street), MURUGAPPA NAGAR (Nethaji Street), MURUGAPPA NAGAR (Parivallal Street), and MURUGAPPA NAGAR (Thiruvalluvar Street).