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Guideline Value

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Guideline Value for Murugan Koil 2nd Cross Street (Iyappan nagar)

₹1700/sq.ft.

The guideline value for Murugan Koil 2nd Cross Street (iyappan Nagar) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Murugan Koil 2nd Cross Street (iyappan Nagar)

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Murugan Koil 2nd Cross Street (Iyappan nagar) guideline value

The current guideline value of Murugan Koil 2nd Cross Street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Murugan Koil 2nd Cross Street (Iyappan nagar) has changed

In the 2007 revision, the guideline value was Rs 800 per sq.ft. This increased significantly to Rs 1,600 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 1,072 per sq.ft, representing a decrease of 33%. The value then saw a substantial increase to Rs 1,600 per sq.ft in 2023, which was a 49% increase from the previous revision. The current 2024 revision has further increased the guideline value to Rs 1,700 per sq.ft, reflecting a 6% rise from 2023.

The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

Ayappakkam village has a total of 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 1,300 per sq.ft, and the 2024 guideline value of Murugan Koil 2nd Cross Street (Iyappan nagar) is above this median.

Stamp duty and registration fee for property in Murugan Koil 2nd Cross Street (Iyappan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total charges to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Murugan Koil 2nd Cross Street (Iyappan nagar)?

The Sub Registrar Office that covers Murugan Koil 2nd Cross Street (Iyappan nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

For further details, you can find your SRO.

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

The guideline value is a crucial factor during property transactions in Ayappakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

When a property is sold, 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.

Frequently asked questions

What is the current guideline value of Murugan Koil 2nd Cross Street (Iyappan nagar)?

The current guideline value of Murugan Koil 2nd Cross Street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 800 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, which is an overall increase of 113%.

What is the land classification for Murugan Koil 2nd Cross Street (Iyappan nagar)?

The land classification for Murugan Koil 2nd Cross Street (Iyappan nagar) is Residential Special Type - II.

Where can I find the registration office for this street?

The registration office covering Murugan Koil 2nd Cross Street (Iyappan nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty is charged at 7% of the guideline value.