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Guideline Value

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Guideline Value for MURUGESAN NAGAR 1ST MAIN ROAD & STREET

₹870/sq.ft.

The guideline value for Murugesan Nagar 1st Main Road & Street in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 870 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹870 /sq.ft.
From 1-4-2023 ₹800 /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 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - II.

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. In the 2017 revision, the guideline value was Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision, marking a change of +9%. The most recent revision in 2024 set the guideline value at Rs 870 per sq.ft, reflecting another increase of +9% from 2023. Overall, from 2017 to 2024, the guideline value has risen by +18%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The absence of data from these years means that the changes in guideline value are only reflected from the 2017 revision onward.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Murugesan Nagar 1st Main Road & Street is 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 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total fees to Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly impact the overall expenses involved in the transaction.

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 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This represents an overall increase of +18% from 2017 to 2024.

What is the land classification for Murugesan Nagar 1st Main Road & Street?

Murugesan Nagar 1st Main Road & Street is classified as Residential Class II Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Murugesan Nagar 1st Main Road & Street?

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

How is stamp duty calculated for properties in Thiruninravur-B?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, if the guideline value is Rs 8,70,000, the stamp duty at 7% would amount to Rs 60,900.