Guideline Value

Corporate

Guideline Value for SRI MURUGATHAMMAN NAGAR PHASE II

₹830/sq.ft.

The guideline value for Sri Murugathamman Nagar Phase Ii in Padappai village (Padappai SRO, Chennai zone) is Rs 830 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padappai

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹830 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Sri Murugathamman Nagar Phase Ii

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Sri Murugathamman Nagar Phase II guideline value

The current guideline value of Sri Murugathamman Nagar Phase II is Rs 830 per sq.ft. This property is located in Padappai village, under the Padappai SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Sri Murugathamman Nagar Phase II has changed

The guideline value for Sri Murugathamman Nagar Phase II has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 830 per sq.ft, an increase from Rs 750 per sq.ft in the 2023 revision, reflecting an 11% rise. Prior to that, the 2017 revision recorded a value of Rs 502 per sq.ft, marking a significant increase of 49% from that year to 2023. The 2012 revision also had a value of Rs 750 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Padappai

In Padappai village, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 830 per sq.ft, which is equal to the current value of Sri Murugathamman Nagar Phase II.

Stamp duty and registration fee for property in Sri Murugathamman Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty, charged at 7%, would be Rs 58,100, while the registration fee, at 2%, would be Rs 16,600. Together, these fees total Rs 74,700. 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 Sri Murugathamman Nagar Phase II?

The Sub Registrar Office that covers Sri Murugathamman Nagar Phase II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Padappai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the fees are calculated based on a standardized value, which is essential for maintaining transparency and fairness in real estate dealings.

Frequently asked questions

What is the current guideline value of Sri Murugathamman Nagar Phase II?

The current guideline value of Sri Murugathamman Nagar Phase II is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2023 to Rs 830 per sq.ft in 2024, an increase of 11%. It was Rs 502 per sq.ft in 2017, which increased by 49% to reach Rs 750 per sq.ft in 2023.

What is the land classification for Sri Murugathamman Nagar Phase II?

Sri Murugathamman Nagar Phase II is classified under Residential Class III Type - I. This classification indicates the type of development and usage allowed in the area.

Where can I find the registration office for properties in Padappai?

The registration office for properties in Padappai is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Sri Murugathamman Nagar Phase II?

Stamp duty for properties in Sri Murugathamman Nagar Phase II is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 74,700 in fees, including stamp duty and registration fees.