Guideline Value

Corporate

Guideline Value for Murugappa Road

₹11000/sq.ft.

The guideline value for Murugappa Road in Adayar village (Adayar SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adayar

Village

Adayar

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4250 /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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[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]

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Murugappa Road guideline value

The current guideline value of Murugappa Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Adayar village, under the Adayar SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Murugappa Road has changed

The guideline value for Murugappa Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 4,250 per sq.ft, which increased significantly to Rs 10,000 per sq.ft in the 2012 revision. However, there was a decrease in the following revision, with the 2017 guideline value set at Rs 6,700 per sq.ft. The value then surged to Rs 10,000 per sq.ft in the 2023 revision, before reaching the current rate of Rs 11,000 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The jump from 2007 to 2012 was remarkable at 135%. Overall, from 2007 to 2024, the guideline value has risen by 159%.

Guideline values in Adayar

In Adayar village, there are 92 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. Murugappa Road's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Murugappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value is Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, leading to a total of Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Murugappa Road?

The Sub Registrar Office that covers Murugappa Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process for property transactions in Adayar. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Murugappa Road?

The current guideline value of Murugappa Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 4,250 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, showing an overall increase of 159% over this period.

What is the land classification of Murugappa Road?

Murugappa Road is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Murugappa Road?

The Sub Registrar Office covering Murugappa Road is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Adayar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is essential to know the current guideline value to accurately assess the stamp duty and registration fees involved in a property transaction.