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Guideline Value

Corporate

Guideline Value for Narayana Mesthri Third Street

₹2400/sq.ft.

The guideline value for Narayana Mesthri Third Street in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Narayana Mesthri Third Street

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Narayana Mesthri Third Street guideline value

The current guideline value of Narayana Mesthri Third Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Narayana Mesthri Third Street has changed

The guideline value for Narayana Mesthri Third Street has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,250 per sq.ft in 2012. However, it then dropped to Rs 1,507 per sq.ft in 2017. The 2023 revision set the value at Rs 2,250 per sq.ft, which was raised to Rs 2,400 per sq.ft in 2024, marking a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 200%. The revisions for the years 2002 and 2003 have no figures listed for this street in the register.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Narayana Mesthri Third Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Narayana Mesthri Third Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayana Mesthri Third Street?

The Sub Registrar Office that covers Narayana Mesthri Third Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Malligaicherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Narayana Mesthri Third Street?

The current guideline value of Narayana Mesthri Third Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking a total increase of 200% over this period.

What is the stamp duty for property in Narayana Mesthri Third Street?

The stamp duty for property in Narayana Mesthri Third Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Narayana Mesthri Third Street?

The Konnur Sub Registrar Office handles registrations for Narayana Mesthri Third Street, located in Ambattur, Chennai.

What are the guideline values of other streets in Malligaicherry?

Other streets in Malligaicherry have varying guideline values, with rates ranging from Rs 2,200 to Rs 6,000 per sq.ft. For instance, Narayana Mesthri First Street is valued at Rs 2,750 per sq.ft in 2024.