Guideline Value

Corporate

Guideline Value for Mullai Nagar

₹100/sq.ft.

The guideline value for Mullai Nagar in Endathure village (Madurandakam SRO, Chengalpattu zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Endathure

Village

Madurandakam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹20 /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)

No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Mullai Nagar

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Mullai Nagar guideline value

The current guideline value of Mullai Nagar, located in Endathure village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Mullai Nagar has changed

The guideline value for Mullai Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 20 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2012. However, this value decreased to Rs 67 per sq.ft in 2017, before rising again to Rs 100 per sq.ft in both 2023 and the upcoming 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2007 to 2012 represented a 400% rise. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. The current value remains unchanged from the previous year, reflecting a stable market condition in Mullai Nagar.

Guideline values in Endathure

In Endathure, there are six streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 202 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, which is the same as that of Mullai Nagar.

Stamp duty and registration fee for property in Mullai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000. Together, the total cost for stamp duty and registration would be Rs 9,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mullai Nagar?

The Sub Registrar Office that covers Mullai Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Endathure. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

When a property is sold, the guideline value is compared with the sale price to determine the applicable fees. The higher of the two values is used to calculate the stamp duty and registration fee, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mullai Nagar?

The current guideline value of Mullai Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017, and has remained at Rs 100 per sq.ft in 2023 and 2024.

What are the other streets in Endathure with their guideline values?

Other streets in Endathure include Madura Nagar, K.K.Nagar, and Sakthi Nagar, all with a guideline value of Rs 100 per sq.ft in 2024, while Diamond City and Vgp Royal Springs have values of Rs 201 and Rs 202 per sq.ft, respectively.

Where can I find the Sub Registrar Office for Mullai Nagar?

The Sub Registrar Office for Mullai Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 1,00,000, the stamp duty at 7% would be Rs 7,000.