Guideline Value

Corporate

Guideline Value for Sri Vidhya Nagar (MMTC Colony)

₹4400/sq.ft.

The guideline value for Sri Vidhya Nagar (mmtc Colony) in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Vidhya Nagar (mmtc Colony)

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Sri Vidhya Nagar (MMTC Colony) guideline value

The current guideline value for Sri Vidhya Nagar (MMTC Colony) is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village under the Alandur SRO and is classified as Residential Class I Type - II.

How the guideline value of Sri Vidhya Nagar (MMTC Colony) has changed

The guideline value for Sri Vidhya Nagar (MMTC Colony) has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and then to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The overall change from 2012 to 2024 reflects a 10% increase.

In terms of percentage changes, the value rose by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Thalakanancherry

Thalakanancherry village has 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, making the 2024 guideline value for Sri Vidhya Nagar (MMTC Colony) above this median.

Stamp duty and registration fee for property in Sri Vidhya Nagar (MMTC Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vidhya Nagar (MMTC Colony)?

The Sub Registrar Office that covers Sri Vidhya Nagar (MMTC Colony) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalakanancherry. It is the benchmark used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is considered to determine the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Sri Vidhya Nagar (MMTC Colony)?

The current guideline value for Sri Vidhya Nagar (MMTC Colony) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office handles property registrations in Sri Vidhya Nagar (MMTC Colony)?

The Alandur Sub Registrar Office is responsible for property registrations in Sri Vidhya Nagar (MMTC Colony), located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Sri Vidhya Nagar (MMTC Colony)?

Sri Vidhya Nagar (MMTC Colony) is classified as Residential Class I Type - II, indicating its designation for residential purposes.