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Guideline Value

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Guideline Value for Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street

₹7100/sq.ft.

The guideline value for Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street in Mugappair village (Konnur SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /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 Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street

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Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street guideline value

The current guideline value for Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is located in Mugappair village and falls under the Konnur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street has changed

The guideline value has undergone several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft. This increased significantly by 333% to Rs 6,500 per sq.ft in the 2012 revision. However, the value then decreased by 33% to Rs 4,355 per sq.ft in the 2017 revision. The 2023 revision saw a substantial increase of 49%, raising the value to Rs 6,500 per sq.ft, which was then further increased by 9% to the current value of Rs 7,100 per sq.ft in the 2024 revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 373%.

Guideline values in Mugappair

In Mugappair village, there are 224 streets under the Konnur SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value for Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street. Below are other streets in Mugappair:

Stamp duty and registration fee for property in Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. 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 Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street?

The Sub Registrar Office that covers Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is used as a reference for determining the stamp duty and registration fees when buying or selling property in Mugappair. It serves as a benchmark for the value of the property, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable taxes. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street?

The current guideline value for Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,500 per sq.ft in 2007, increasing to Rs 6,500 in 2012, then decreasing to Rs 4,355 in 2017, rising to Rs 6,500 in 2023, and finally reaching Rs 7,100 in 2024.

What is the land classification for this area?

The land classification for Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Konnur Sub Registrar Office covers Pakkiathammal Nagar2rd Corss Street & 3rd Cross Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 4,97,000.