Guideline Value

Corporate

Guideline Value for NEW MAHABALIPURAM ROAD

₹12650/sq.ft.

The guideline value for New Mahabalipuram Road in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12650 per sq.ft, effective 1 July 2024. It was Rs 11500 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

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12650 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1404 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1269 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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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New Mahabalipuram Road guideline value

The current guideline value of New Mahabalipuram Road is Rs 12,650 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO, with a land classification of Residential Special Type - I.

How the guideline value of New Mahabalipuram Road has changed

The guideline value for New Mahabalipuram Road has seen significant changes over the years. In 2002, the value was Rs 1,269 per sq.ft, which rose to Rs 1,404 per sq.ft in 2003, marking an increase of 11%. The value continued to rise to Rs 2,200 per sq.ft in 2007, reflecting a 57% increase. A substantial jump occurred in 2012 when the guideline value reached Rs 11,500 per sq.ft, representing a remarkable 423% increase from the previous figure. However, this value dropped to Rs 7,705 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value increased by 49% to Rs 11,500 per sq.ft. The most recent revision in 2024 has set the value at Rs 12,650 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 897%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for New Mahabalipuram Road is above this median.

Stamp duty and registration fee for property in New Mahabalipuram Road

For a 1,000 sq.ft plot at the current rate of Rs 12,650 per sq.ft, the guideline value amounts to Rs 1,26,50,000. The stamp duty at 7% would be Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, totaling Rs 11,38,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Mahabalipuram Road?

The Sub Registrar Office that covers New Mahabalipuram Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable charges. Buyers and sellers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of New Mahabalipuram Road?

The current guideline value of New Mahabalipuram Road is Rs 12,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,269 per sq.ft in 2002 to Rs 12,650 per sq.ft in 2024, reflecting an overall increase of 897% over this period.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft for the year 2024, with New Mahabalipuram Road's value being above this median.

What are the stamp duty rates for properties in New Mahabalipuram Road?

The stamp duty for properties in New Mahabalipuram Road is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for New Mahabalipuram Road located?

The Sub Registrar Office for New Mahabalipuram Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.