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Guideline Value

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Guideline Value for MURUGESAN NAGAR 1ST MAIN ROAD & STREET

₹1200/sq.ft.

The guideline value for Murugesan Nagar 1st Main Road & Street in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Murugesan Nagar 1st Main Road & Street

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Murugesan Nagar 1st Main Road & Street guideline value

The current guideline value of Murugesan Nagar 1st Main Road & Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Murugesan Nagar 1st Main Road & Street has changed

The guideline value for Murugesan Nagar 1st Main Road & Street has undergone several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 1,200 per sq.ft, reflecting a change of +9% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by +63%.

It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012. The changes between the revisions indicate a significant increase in the guideline value over the years, particularly from 2017 to 2023, where it rose by +49%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, placing the 2024 figure for Murugesan Nagar 1st Main Road & Street above this median.

Stamp duty and registration fee for property in Murugesan Nagar 1st Main Road & Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Murugesan Nagar 1st Main Road & Street?

The Sub Registrar Office that covers Murugesan Nagar 1st Main Road & Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Murugesan Nagar 1st Main Road & Street?

The current guideline value of Murugesan Nagar 1st Main Road & Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking an overall increase of +63% over that period.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office covers this street?

The Avadi Sub Registrar Office covers Murugesan Nagar 1st Main Road & Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees during a transaction.