Guideline Value

Corporate

Guideline Value for Sri Murugan Nagar

₹1540/sq.ft.

The guideline value for Sri Murugan Nagar in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mangadu -a

Village

Kunrathur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Murugan Nagar

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Sri Murugan Nagar guideline value

The current guideline value of Sri Murugan Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Murugan Nagar has changed

The guideline value for Sri Murugan Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The current revision for 2024 has further raised the value to Rs 1,540 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, highlighting the growth in guideline value over these years.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing the guideline value of Sri Murugan Nagar below this median.

Stamp duty and registration fee for property in Sri Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value comes to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, leading to a total of Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Murugan Nagar?

Sri Murugan Nagar is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process. When registering a property, the guideline value is used to calculate the taxes owed, ensuring that both parties are aware of the financial implications.

Additionally, the guideline value helps in maintaining transparency in property transactions. It acts as a reference point for buyers and sellers to understand the value of the property being exchanged, thus facilitating a smoother transaction process.

Frequently asked questions

What is the current guideline value of Sri Murugan Nagar?

The current guideline value of Sri Murugan Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 938 per sq.ft to the current 2024 revision of Rs 1,540 per sq.ft, the guideline value has increased by 64%. The increase from 2023 to 2024 was 10%, and from 2017 to 2023, it was 49%.

What are the guideline values of other streets in Mangadu -A?

Other streets in Mangadu -A have varying guideline values. For example, Sri MuthuSwamy Avenue and Srinivasa Colony Nagar both have a value of Rs 1,540 per sq.ft, while Sri Meenatchi Nagar has a value of Rs 1,870 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same amount, ensuring that the fees reflect the true value of the property being registered.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about it online.