Guideline Value for Old M.S.P.Lane
₹2530/sq.ft.
The guideline value for Old M.s.p.lane in Irumpuliyur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 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:
Chengalpattu
Zone
Irumpuliyur
Village
Tambaram Joint 1
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2530 /sq.ft. |
| From 1-4-2023 | ₹2300 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1541 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2300 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹600 /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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Old M.s.p.lane
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Old M.S.P.Lane guideline value
The current guideline value of Old M.S.P.Lane is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.
How the guideline value of Old M.S.P.Lane has changed
The guideline value for Old M.S.P.Lane has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 600 per sq.ft. This increased significantly to Rs 2,300 per sq.ft in the 2012 revision, marking a substantial rise of 283%. However, the value decreased to Rs 1,541 per sq.ft in the 2017 revision, a drop of 33%. Following this, the guideline value surged to Rs 2,300 per sq.ft in the 2023 revision, and then further increased by 10% to the current value of Rs 2,530 per sq.ft in the 2024 revision.
Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 322%. The register has no figures for the years 2002 and 2003 for this street.
Guideline values in Irumpuliyur
In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Old M.S.P.Lane above this median.
- Old G.S.T. Street: Rs 6,600 per sq.ft (2024)
- North Street: Rs 2,200 per sq.ft (2024)
- N.K.Lane: Rs 1,650 per sq.ft (2024)
- Nithiyanandam Nagar Main Road: Rs 2,530 per sq.ft (2024)
- Nithiyanandam Nagar 4-th St: Rs 2,530 per sq.ft (2024)
- Nithiyanandam Nagar 3-rd St: Rs 2,530 per sq.ft (2024)
Stamp duty and registration fee for property in Old M.S.P.Lane
For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. 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 Old M.S.P.Lane?
The Sub Registrar Office that covers Old M.S.P.Lane is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Irumpuliyur
The guideline value is a crucial factor in the registration process when buying or selling property in Irumpuliyur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.
When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This practice helps maintain transparency and standardization in property transactions within the region.
Frequently asked questions
What is the current guideline value of Old M.S.P.Lane?
The current guideline value of Old M.S.P.Lane is Rs 2,530 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed significantly, starting from Rs 600 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 322% over the years.
What is the median guideline value for streets in Irumpuliyur?
The median guideline value for streets in Irumpuliyur is Rs 2,200 per sq.ft, with Old M.S.P.Lane's current value being above this median.
What are the stamp duty and registration fees for properties in Old M.S.P.Lane?
For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.
Which office handles registrations for Old M.S.P.Lane?
The Tambaram Joint 1 Sub Registrar Office handles registrations for Old M.S.P.Lane, located at No.26, Mes Road, East Tambaram, Chennai-600059.
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