Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Muniappa Nagar 1st Main Road

₹2200/sq.ft.

The guideline value for Muniappa Nagar 1st Main Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹327 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹296 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Muniappa Nagar 1st Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Muniappa Nagar 1st Main Road guideline value

The current guideline value of Muniappa Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Muniappa Nagar 1st Main Road has changed

The guideline value for Muniappa Nagar 1st Main Road has seen several revisions over the years. In the 2002 revision, the value was Rs 296 per sq.ft, which increased to Rs 327 per sq.ft in 2003. Following this, the value rose significantly to Rs 500 per sq.ft in 2007, and then jumped to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in the 2017 revision. The value saw a notable increase to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,200 per sq.ft in the 2024 revision.

In terms of percentage changes, from 2002 to 2024, the overall increase is +643%. The value increased by +10% from 2023 to 2024, while from 2017 to 2023, it rose by +49%. The value decreased by -33% from 2012 to 2017, and there was a remarkable increase of +300% from 2007 to 2012. Additionally, the value increased by +53% from 2003 to 2007 and +10% from 2002 to 2003. There are no figures available for revisions in other years for this street.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which means Muniappa Nagar 1st Main Road's 2024 figure is equal to the median.

Stamp duty and registration fee for property in Muniappa Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost would be Rs 1,98,000. It is important to note that 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 Muniappa Nagar 1st Main Road?

The Sub Registrar Office that covers Muniappa Nagar 1st Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is an important factor when registering property in Nerkundram. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the sale, as these charges are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Muniappa Nagar 1st Main Road?

The current guideline value of Muniappa Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 296 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +643% over the years.

What are the stamp duty and registration fees for property in Muniappa Nagar 1st Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Muniappa Nagar 1st Main Road?

The Virugambakkam Sub Registrar Office covers Muniappa Nagar 1st Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Muniappa Nagar 1st Main Road?

Muniappa Nagar 1st Main Road is classified as Residential Class IV Type - I, indicating its designation for residential use within the area.