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Guideline Value

Corporate

Guideline Value for Muniappa Nagar 6th Main Road

₹2200/sq.ft.

The guideline value for Muniappa Nagar 6th 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 6th Main Road

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Muniappa Nagar 6th Main Road guideline value

The current guideline value of Muniappa Nagar 6th 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. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Muniappa Nagar 6th Main Road has changed

The guideline value for Muniappa Nagar 6th Main Road has undergone several revisions over the years. The earliest recorded revision in the register is from 2002, with a value of Rs 296 per sq.ft. This increased to Rs 327 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 500 per sq.ft in 2007, which was a 53% increase. In 2012, the value was recorded at Rs 2,000 per sq.ft, reflecting a substantial 300% increase from the previous revision. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 643%. There are no figures available for any other revisions for this street in the register.

Guideline values in Nerkundram

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

Stamp duty and registration fee for property in Muniappa Nagar 6th 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, these fees would total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muniappa Nagar 6th Main Road?

The Muniappa Nagar 6th 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 plays a crucial role in the registration process when buying or selling property in Nerkundram. It serves as a benchmark 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 legal requirements during transactions.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the 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 Muniappa Nagar 6th Main Road?

The current guideline value of Muniappa Nagar 6th 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, representing an overall increase of 643% over this period.

What are the stamp duty and registration fees for properties in Muniappa Nagar 6th Main Road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for Muniappa Nagar 6th Main Road?

The Virugambakkam Sub Registrar Office handles registrations for Muniappa Nagar 6th Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Muniappa Nagar 6th Main Road?

The land classification for Muniappa Nagar 6th Main Road is Residential Class IV Type - I.