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Guideline Value

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Guideline Value for MURUGAPPA NAGAR (Parivallal Street)

₹1800/sq.ft.

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

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MURUGAPPA NAGAR (Parivallal Street) guideline value

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

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

The guideline value for MURUGAPPA NAGAR (Parivallal Street) has undergone several revisions over the years. In 2007, the guideline 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 value saw a substantial rise to Rs 1,700 per sq.ft in 2023, and currently stands at Rs 1,800 per sq.ft from the 2024 revision, marking a 6% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2007 to 2012 was a remarkable 386%. 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 (Parivallal Street) has a guideline value above this median.

Stamp duty and registration fee for property in MURUGAPPA NAGAR (Parivallal 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, totaling Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering MURUGAPPA NAGAR (Parivallal 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 in property transactions, determining the minimum value at which a property can be registered. When buying or selling property in Ernavur, this value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value as it influences the overall cost of the transaction. Understanding this value helps in making informed decisions during the property registration process.

Frequently asked questions

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

The current guideline value for MURUGAPPA NAGAR (Parivallal 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 significantly 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 (Parivallal Street)?

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

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

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 18,00,000, the total fees would amount to Rs 1,62,000.

Which Sub Registrar Office covers this street?

The Thiruvottiyur Sub Registrar Office covers MURUGAPPA NAGAR (Parivallal Street) and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.