Guideline Value

Corporate

Guideline Value for T.M.P. Nagar Appar Street

₹3800/sq.ft.

The guideline value for T.m.p. Nagar Appar Street in Mugappair village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹354 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹322 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 T.m.p. Nagar Appar Street

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T.M.P. Nagar Appar Street guideline value

The current guideline value of T.M.P. Nagar Appar Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of T.M.P. Nagar Appar Street has changed

The guideline value for T.M.P. Nagar Appar Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 322 per sq.ft. This increased to Rs 354 per sq.ft in 2003, marking a 10% rise. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, reflecting a 126% increase. In 2012, the value reached Rs 3,500 per sq.ft, which was a 338% increase from the previous revision. However, it then decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value increased to Rs 3,500 per sq.ft, and then further rose to Rs 3,800 per sq.ft in the 2024 revision, which is a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,080%.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for T.M.P. Nagar Appar Street is below this median.

Stamp duty and registration fee for property in T.M.P. Nagar Appar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.M.P. Nagar Appar Street?

The Sub Registrar Office that covers T.M.P. Nagar Appar Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process for property transactions in Mugappair. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate taxes.

When buying or selling property, the guideline value will be considered for calculating stamp duty and registration fees. This means that regardless of the sale price, the guideline value will be used to assess the taxes owed to the government.

Frequently asked questions

What is the current guideline value of T.M.P. Nagar Appar Street?

The current guideline value of T.M.P. Nagar Appar Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 322 per sq.ft in 2002 and increasing to Rs 3,800 per sq.ft in 2024. The most notable increase occurred from 2007 to 2012, where it rose by 338%.

What is the land classification for T.M.P. Nagar Appar Street?

The land classification for T.M.P. Nagar Appar Street is Residential Class II Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for T.M.P. Nagar Appar Street?

The Sub Registrar Office for T.M.P. Nagar Appar Street is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 38,00,000, the stamp duty at 7% would be Rs 2,66,000.