Guideline Value

Corporate

Guideline Value for Murugappan Nagar

₹2090/sq.ft.

The guideline value for Murugappan Nagar in Kattupakkam village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kattupakkam

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹234 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Murugappan Nagar

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Murugappan Nagar guideline value

The current guideline value of Murugappan Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Murugappan Nagar has changed

The guideline value for Murugappan Nagar has seen several revisions over the years. The earliest recorded figure is from 2003, at Rs 234 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, the value surged to Rs 1,900 per sq.ft in 2012, then decreased to Rs 1,273 per sq.ft in 2017. The value rose significantly to Rs 1,900 per sq.ft in 2023, and currently stands at Rs 2,090 per sq.ft as of the 2024 revision. The register has no figure for this street for the year 2002.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. Notably, the overall increase from 2003 to 2024 is a substantial 793%. The fluctuations in these values reflect changes in the real estate landscape in the area.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value is Rs 2,090 per sq.ft, which is the same as the guideline value for Murugappan Nagar. Below are the guideline values for other streets in Kattupakkam:

Stamp duty and registration fee for property in Murugappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. 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 Murugappan Nagar?

The Sub Registrar Office that covers Murugappan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When purchasing property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Murugappan Nagar?

The current guideline value of Murugappan Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 234 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 793% over this period.

What is the registration fee for a property in Murugappan Nagar?

The registration fee for a property in Murugappan Nagar is 2% of the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 20,90,000, the registration fee would be Rs 41,800.

Which office handles property registrations in Murugappan Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Murugappan Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What factors influence the guideline value in Kattupakkam?

The guideline value in Kattupakkam is influenced by various factors, including land classification, location, and market conditions. These values are revised periodically to reflect changes in the real estate landscape.