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Guideline Value

Corporate

Guideline Value for Muniappa Nagar 4th Main Road

₹2200/sq.ft.

The guideline value for Muniappa Nagar 4th 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 4th Main Road

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Muniappa Nagar 4th Main Road guideline value

The current guideline value of Muniappa Nagar 4th 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 falls under the Residential Class IV Type - I land classification.

How the guideline value of Muniappa Nagar 4th Main Road has changed

The guideline value for Muniappa Nagar 4th Main Road has seen several revisions over the years. In 2002, the guideline 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 to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, before reaching the current figure of Rs 2,200 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +10%. The value saw a substantial rise of +53% from 2003 to 2007, followed by a remarkable increase of +300% from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. After that, there was a +49% increase from 2017 to 2023, and finally, a +10% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +643%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Muniappa Nagar 4th Main Road.

Stamp duty and registration fee for property in Muniappa Nagar 4th 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 amounts to 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, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muniappa Nagar 4th Main Road?

The Muniappa Nagar 4th Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nerkundram. It serves as a benchmark for determining the minimum value of the property, ensuring that the registration reflects a fair assessment of the property's worth.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muniappa Nagar 4th Main Road?

The current guideline value of Muniappa Nagar 4th 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 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 properties in Muniappa Nagar 4th Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Muniappa Nagar 4th Main Road?

The Virugambakkam Sub Registrar Office covers Muniappa Nagar 4th Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values for other streets in Nerkundram?

Other streets in Nerkundram have guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft, with Muniappa Nagar 4th Main Road's value of Rs 2,200 per sq.ft being equal to the median value for the area.