Guideline Value

Corporate

Guideline Value for SRI MUTHUKUMARASWAMY NAGAR

₹330/sq.ft.

The guideline value for Sri Muthukumaraswamy Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹32 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹28 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[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 Sri Muthukumaraswamy Nagar

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Sri Muthukumaraswamy Nagar guideline value

The current guideline value of Sri Muthukumaraswamy Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Muthukumaraswamy Nagar has changed

The guideline value for Sri Muthukumaraswamy Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 28 per sq.ft, which increased to Rs 32 per sq.ft in 2003, marking a 14% rise. The value then rose significantly to Rs 50 per sq.ft in 2007, a 56% increase. Following that, the value jumped to Rs 300 per sq.ft in 2012, reflecting a 500% increase. However, it decreased to Rs 201 per sq.ft in 2017, a decline of 33%. The value was then revised to Rs 300 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1079%. There are no figures available for the revisions in years other than those specified.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Sri Muthukumaraswamy Nagar.

Stamp duty and registration fee for property in Sri Muthukumaraswamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. Please note that 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 Muthukumaraswamy Nagar?

The Sub Registrar Office that covers Sri Muthukumaraswamy Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Nanthiambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Muthukumaraswamy Nagar?

The current guideline value of Sri Muthukumaraswamy Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 28 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting a significant overall increase of 1079% over this period.

What are the other streets with similar guideline values in Nanthiambakkam?

Other streets in Nanthiambakkam with a guideline value of Rs 330 per sq.ft include Sri Nagar, Sri Padmavathi Devi Nagar, Sri Rudhra Nagar, and Sri Sairam Nagar.

What are the stamp duty and registration fees for property in Sri Muthukumaraswamy Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,30,000, the total fees would be Rs 29,700.

Which office handles registrations for Sri Muthukumaraswamy Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for Sri Muthukumaraswamy Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.