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Guideline Value

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

₹3800/sq.ft.

The guideline value for T.m.p. Nagar Bharadhidasan 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Bharadhidasan Street

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T.M.P. Nagar Bharadhidasan Street guideline value

The current guideline value of T.M.P. Nagar Bharadhidasan 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 Bharadhidasan Street has changed

The guideline value for T.M.P. Nagar Bharadhidasan Street has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,500 per sq.ft by 2012. However, from 2012 to 2017, there was a decrease to Rs 2,345 per sq.ft. The value rose again to Rs 3,500 per sq.ft in 2023 and is now Rs 3,800 per sq.ft in 2024.

Between the revisions, the changes are notable. The increase from 2023 to 2024 was +9%. From 2017 to 2023, the value increased by +49%. The period from 2012 to 2017 saw a decrease of -33%, while the jump from 2007 to 2012 was +338%. Overall, from 2007 to 2024, the guideline value has increased by +375%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing T.M.P. Nagar Bharadhidasan Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. 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 T.M.P. Nagar Bharadhidasan Street?

The Sub Registrar Office covering T.M.P. Nagar Bharadhidasan Street is the Konnur Sub Registrar Office, located at 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 when registering property in Mugappair. It helps determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to assess the minimum value for registration purposes. This ensures that the property is not undervalued, and the appropriate taxes are collected based on the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of T.M.P. Nagar Bharadhidasan 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 from Rs 800 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of +375% over this period.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,42,000, based on the current guideline value of Rs 38,00,000.

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

The Konnur Sub Registrar Office covers T.M.P. Nagar Bharadhidasan Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

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