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Guideline Value

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Guideline Value for Mutharamman Nagar (or) Sri Ambal Nagar II

₹1650/sq.ft.

The guideline value for Mutharamman Nagar (or) Sri Ambal Nagar Ii in Kovur village (Kunrathur SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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)

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 Mutharamman Nagar (or) Sri Ambal Nagar Ii

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Mutharamman Nagar (or) Sri Ambal Nagar II guideline value

The current guideline value of Mutharamman Nagar (or) Sri Ambal Nagar II is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kovur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Mutharamman Nagar (or) Sri Ambal Nagar II has changed

The guideline value has seen several revisions over the years. The earliest recorded figure was Rs 400 per sq.ft in 2007. This value increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The value surged again to Rs 1,500 per sq.ft in 2023, followed by the latest revision to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figure for this street in 2002 and 2003.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 313%. The changes between the revisions illustrate the fluctuations in the guideline value, with the most notable increase occurring from 2017 to 2023, which saw a rise of 49%.

Guideline values in Kovur

Kovur village has a range of guideline values across its 91 streets under the Kunrathur SRO, with the 2024 figures ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the guideline value of Mutharamman Nagar (or) Sri Ambal Nagar II.

Stamp duty and registration fee for property in Mutharamman Nagar (or) Sri Ambal Nagar II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total costs together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mutharamman Nagar (or) Sri Ambal Nagar II?

The Sub Registrar Office that covers Mutharamman Nagar (or) Sri Ambal Nagar II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovur. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value helps in determining the minimum price at which the property can be registered. This ensures that properties are not undervalued during the sale process, contributing to fair and transparent real estate transactions.

Frequently asked questions

What is the current guideline value of Mutharamman Nagar (or) Sri Ambal Nagar II?

The current guideline value of Mutharamman Nagar (or) Sri Ambal Nagar II is Rs 1,650 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 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, representing an overall increase of 313%.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,50,000, the total fees would be Rs 1,48,500.

Which Sub Registrar Office serves Mutharamman Nagar (or) Sri Ambal Nagar II?

The Kunrathur Sub Registrar Office serves Mutharamman Nagar (or) Sri Ambal Nagar II, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Mutharamman Nagar (or) Sri Ambal Nagar II?

Mutharamman Nagar (or) Sri Ambal Nagar II is classified as Residential Special Type - I under the guideline value register.