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Guideline Value

Corporate

Guideline Value for MURUGAPPA NAGAR (Nethaji Street)

₹1800/sq.ft.

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

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MURUGAPPA NAGAR (Nethaji Street) guideline value

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

The guideline value for MURUGAPPA NAGAR (Nethaji Street) has seen several revisions over the years. The 2007 revision set the value at Rs 350 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012, marking a substantial rise of 386%. However, the value dropped to Rs 1,139 per sq.ft in 2017, reflecting a decrease of 33%. The value then surged to Rs 1,700 per sq.ft in 2023, before reaching the current rate of Rs 1,800 per sq.ft in the 2024 revision, an increase of 6% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 414%.

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 (Nethaji Street) is above this median value.

Stamp duty and registration fee for property in MURUGAPPA NAGAR (Nethaji 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. 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 details.

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

The Sub Registrar Office that covers MURUGAPPA NAGAR (Nethaji 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 an essential factor when buying or selling property in Ernavur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to assess the applicable fees. This ensures that the registration reflects a value that aligns with the established guideline rates.

Frequently asked questions

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

The current guideline value of MURUGAPPA NAGAR (Nethaji 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 (Nethaji Street)?

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

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 is the stamp duty calculated for properties in MURUGAPPA NAGAR (Nethaji Street)?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. For example, a property with a guideline value of Rs 18,00,000 would incur a stamp duty of Rs 1,26,000.