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Guideline Value

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Guideline Value for MURUGAPPA NAGAR (V.O.C. Street)

₹1800/sq.ft.

The guideline value for Murugappa Nagar (v.o.c. 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 (v.o.c. Street)

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MURUGAPPA NAGAR (V.O.C. Street) guideline value

The current guideline value of MURUGAPPA NAGAR (V.O.C. 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 (V.O.C. Street) has changed

The guideline value for MURUGAPPA NAGAR (V.O.C. Street) has seen 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 dropped to Rs 1,139 per sq.ft in 2017. The 2023 revision set the value at Rs 1,700 per sq.ft, and the current value for 2024 is Rs 1,800 per sq.ft, marking a 6% increase from the previous year. The register has no figure for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 414%. The changes between revisions include a 386% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

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 (V.O.C. Street) is above this median.

Stamp duty and registration fee for property in MURUGAPPA NAGAR (V.O.C. 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 (V.O.C. Street)?

The Sub Registrar Office covering MURUGAPPA NAGAR (V.O.C. 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 critical factor when registering property in Ernavur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

Additionally, the guideline value can influence negotiations between buyers and sellers. It reflects the official valuation set by the government, which is used to calculate the financial obligations associated with property transactions, including taxes and fees.

Frequently asked questions

What is the current guideline value of MURUGAPPA NAGAR (V.O.C. Street)?

The current guideline value of MURUGAPPA NAGAR (V.O.C. 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, marking an overall increase of 414% over the years.

What is the land classification for MURUGAPPA NAGAR (V.O.C. Street)?

MURUGAPPA NAGAR (V.O.C. Street) is classified as Residential Special Type - II.

Where is the Thiruvottiyur Sub Registrar Office located?

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

How is stamp duty calculated for property in MURUGAPPA NAGAR (V.O.C. Street)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,26,000 based on the current guideline value.