Guideline Value

Corporate

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

₹3800/sq.ft.

The guideline value for T.m.p. Nagar Avvai 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 Avvai Street

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T.M.P. Nagar Avvai Street guideline value

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

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

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

In 2023, the guideline value was Rs 3,500 per sq.ft, and it increased by 9% to Rs 3,800 per sq.ft in the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 1,080% for this street.

Guideline values in Mugappair

Mugappair village has 224 streets under the Konnur SRO that carry 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 of T.M.P. Nagar Avvai Street is below this median.

Stamp duty and registration fee for property in T.M.P. Nagar Avvai 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 charges to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers T.M.P. Nagar Avvai 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 crucial factor in the registration process when buying or selling property in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

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

The current guideline value of T.M.P. Nagar Avvai 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 from Rs 322 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 1,080% over the years.

What is the land classification of T.M.P. Nagar Avvai Street?

T.M.P. Nagar Avvai Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in T.M.P. Nagar Avvai Street?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles registrations for T.M.P. Nagar Avvai Street?

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