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Guideline Value

Corporate

Guideline Value for MURUGAPPA NAGAR (Ganthi Street)

₹1800/sq.ft.

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

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MURUGAPPA NAGAR (Ganthi Street) guideline value

The current guideline value of MURUGAPPA NAGAR (Ganthi Street) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village under the Thiruvottiyur SRO, with a land classification of Residential Special Type - II.

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

The guideline value for MURUGAPPA NAGAR (Ganthi Street) has seen significant changes over the years. In the 2007 revision, the value was Rs 350 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2012 revision. However, the value then dropped to Rs 1,139 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,700 per sq.ft, followed by the current value of Rs 1,800 per sq.ft from the 2024 revision.

Notably, the change from 2023 to 2024 reflects an increase of 6%. The value rose by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 386%. 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 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 (Ganthi Street) has a guideline value above this median.

Stamp duty and registration fee for property in MURUGAPPA NAGAR (Ganthi 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 amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. 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 MURUGAPPA NAGAR (Ganthi Street)?

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

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

The guideline value is a crucial factor during property registration in Ernavur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value acts as a benchmark. The buyer must pay stamp duty based on this value or the sale price, whichever is higher, which helps maintain transparency in property transactions.

Frequently asked questions

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

The current guideline value of MURUGAPPA NAGAR (Ganthi 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 this period.

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

The land classification for MURUGAPPA NAGAR (Ganthi Street) is Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Where is the Sub Registrar Office for MURUGAPPA NAGAR (Ganthi Street)?

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