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Guideline Value

Corporate

Guideline Value for MURUGAPPA NAGAR (Kambar Street)

₹1800/sq.ft.

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

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MURUGAPPA NAGAR (Kambar Street) guideline value

The current guideline value of MURUGAPPA NAGAR (Kambar 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 (Kambar Street) has changed

The guideline value for MURUGAPPA NAGAR (Kambar Street) has seen 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 then decreased to Rs 1,139 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 1,700 per sq.ft, followed by another rise to the current value of Rs 1,800 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 6%. The overall increase from 2007 to 2024 amounts to 414%, reflecting significant changes over the years.

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 (Kambar Street) is positioned above this median.

Stamp duty and registration fee for property in MURUGAPPA NAGAR (Kambar 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, charged at 7%, would amount to Rs 1,26,000, while the registration fee at 2% would be Rs 36,000, bringing the total fees together 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 our stamp duty and registration fee calculator for precise calculations.

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

The Sub Registrar Office that covers MURUGAPPA NAGAR (Kambar Street) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How much 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 (Kambar Street)?

MURUGAPPA NAGAR (Kambar Street) is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for MURUGAPPA NAGAR (Kambar Street)?

The Sub Registrar Office for MURUGAPPA NAGAR (Kambar 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 Ernavur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 18,00,000, the stamp duty would be calculated at 7% of that amount.