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Guideline Value

Corporate

Guideline Value for Muniappa Nagar 5th Main Road

₹2200/sq.ft.

The guideline value for Muniappa Nagar 5th 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 5th Main Road

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Muniappa Nagar 5th Main Road guideline value

The current guideline value of Muniappa Nagar 5th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, which falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Muniappa Nagar 5th Main Road has changed

The guideline value for Muniappa Nagar 5th Main Road has undergone several revisions over the years. In 2002, the value was Rs 296 per sq.ft, which increased to Rs 327 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 500 per sq.ft in 2007, representing a 53% change. By 2012, the value was Rs 2,000 per sq.ft, which was a substantial increase of 300% from the previous revision.

Following this, the guideline value decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year. There are no figures available for revisions in years not listed in the register.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, and the guideline values for 2024 range 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 aligns with the guideline value for Muniappa Nagar 5th Main Road.

Stamp duty and registration fee for property in Muniappa Nagar 5th 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, while the registration fee at 2% would be Rs 44,000. Together, these fees total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muniappa Nagar 5th Main Road?

The Muniappa Nagar 5th Main Road falls under the jurisdiction of 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 in property transactions in Nerkundram. When buying or selling property, the guideline value helps determine the stamp duty and registration fees that need to be paid. It serves as a reference point for both buyers and sellers to ensure compliance with local regulations.

At the time of registration, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Muniappa Nagar 5th Main Road?

The current guideline value of Muniappa Nagar 5th 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 this area?

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 5th Main Road?

The Virugambakkam Sub Registrar Office covers Muniappa Nagar 5th Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Muniappa Nagar 5th Main Road?

The land classification for Muniappa Nagar 5th Main Road is Residential Class IV Type - I, which is designated for residential purposes.