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Guideline Value

Corporate

Guideline Value for Murugan Syndigate, Park Avenue 1st Street

₹4400/sq.ft.

The guideline value for Murugan Syndigate, Park Avenue 1st Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Murugan Syndigate, Park Avenue 1st Street

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Murugan Syndigate, Park Avenue 1st Street guideline value

The current guideline value for Murugan Syndigate, Park Avenue 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Murugan Syndigate, Park Avenue 1st Street has changed

The guideline value for Murugan Syndigate, Park Avenue 1st Street has undergone several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. However, the most recent revision in 2024 saw a significant increase to Rs 4,400 per sq.ft, marking a 64% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2023. This lack of data indicates that the guideline value remained unrecorded during those revisions.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, which aligns with the current value for Murugan Syndigate, Park Avenue 1st Street.

Stamp duty and registration fee for property in Murugan Syndigate, Park Avenue 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, the total cost would be Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Murugan Syndigate, Park Avenue 1st Street?

The Sub Registrar Office that covers Murugan Syndigate, Park Avenue 1st Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two amounts is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Murugan Syndigate, Park Avenue 1st Street?

The current guideline value for Murugan Syndigate, Park Avenue 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,400 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

Are there any years without a recorded guideline value for this street?

Yes, there are no recorded guideline values for Murugan Syndigate, Park Avenue 1st Street in the years 2002, 2003, 2007, and 2023.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Murugan Syndigate, Park Avenue 1st Street?

The Sub Registrar Office for this area is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.