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Guideline Value

Corporate

Guideline Value for Mugalivakkam Road (Highways)

₹4290/sq.ft.

The guideline value for Mugalivakkam Road (highways) in Porur village (Kunrathur SRO, Chennai zone) is Rs 4290 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4290 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3900 /sq.ft.
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Mugalivakkam Road (highways)

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Mugalivakkam Road (Highways) guideline value

The current guideline value of Mugalivakkam Road (Highways) is Rs 4,290 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO, classified as Mixed Special Type - II.

How the guideline value of Mugalivakkam Road (Highways) has changed

In the 2012 revision, the guideline value was Rs 3,900 per sq.ft. It then decreased to Rs 2,613 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 3,900 per sq.ft in the 2023 revision, and then rose to the current value of Rs 4,290 per sq.ft in the 2024 revision, reflecting a 10% increase. The 2023 to 2024 change represents a 10% increase, while the overall change from 2012 to 2024 is a 10% increase as well.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The guideline value has seen a substantial increase of 49% from 2017 to 2023, indicating a notable shift in the valuation over these years.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Mugalivakkam Road (Highways) above this median.

Stamp duty and registration fee for property in Mugalivakkam Road (Highways)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, totaling Rs 3,86,100. It is important to note that the stamp 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 Mugalivakkam Road (Highways)?

The Sub Registrar Office that covers Mugalivakkam Road (Highways) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Porur

The guideline value is a critical factor in property transactions in Porur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the agreed sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mugalivakkam Road (Highways)?

The current guideline value of Mugalivakkam Road (Highways) is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2012 to Rs 2,613 per sq.ft in 2017, then back to Rs 3,900 per sq.ft in 2023, and finally to Rs 4,290 per sq.ft in 2024.

What is the stamp duty rate for properties in Mugalivakkam Road (Highways)?

The stamp duty rate for properties in Mugalivakkam Road (Highways) is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for properties in this area?

The registration fee for properties in Mugalivakkam Road (Highways) is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mugalivakkam Road (Highways)?

The Sub Registrar Office for Mugalivakkam Road (Highways) is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can also find your SRO online.