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Guideline Value

Corporate

Guideline Value for Sri Muthu mariyamman Nagar

₹3520/sq.ft.

The guideline value for Sri Muthu Mariyamman Nagar in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 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

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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.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 Muthu Mariyamman Nagar

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Sri Muthu mariyamman Nagar guideline value

The current guideline value of Sri Muthu mariyamman Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Muthu mariyamman Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 800 per sq.ft. This increased dramatically to Rs 3,200 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 2,144 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,200 per sq.ft in 2023, and most recently, it has increased to Rs 3,520 per sq.ft in 2024, representing a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft, with a median value of Rs 3,520 per sq.ft. The guideline value for Sri Muthu mariyamman Nagar is equal to this median.

Stamp duty and registration fee for property in Sri Muthu mariyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Muthu mariyamman Nagar?

The Sub Registrar Office that covers Sri Muthu mariyamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is crucial when registering property transactions in Madanandapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value as per the state regulations.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Muthu mariyamman Nagar?

The current guideline value of Sri Muthu mariyamman Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Sri Muthu mariyamman Nagar?

Sri Muthu mariyamman Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the registration office for Sri Muthu mariyamman Nagar?

The registration office for Sri Muthu mariyamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sri Muthu mariyamman Nagar?

Stamp duty for properties in Sri Muthu mariyamman Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.