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

T.M.P. Nagar Chruch Street guideline value

The current guideline value of T.M.P. Nagar Chruch Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village and falls under the Konnur SRO, classified as Residential Class I Type - I.

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

The guideline value for T.M.P. Nagar Chruch Street has seen several revisions over the years. In 2002, the value was Rs 364 per sq.ft, which increased to Rs 400 per sq.ft in 2003, marking a 10% rise. The value then surged to Rs 1,200 per sq.ft in 2007, reflecting a substantial increase of 200%. Following this, the value was revised to Rs 5,000 per sq.ft in 2012, which was a decrease of 33%. The next revision in 2017 saw the value rise to Rs 3,350 per sq.ft, an increase of 49%. The most recent revision in 2023 set the value at Rs 5,000 per sq.ft, before reaching the current figure of Rs 5,500 per sq.ft in 2024, a 10% increase.

Throughout these revisions, there are no figures available for the years not mentioned in the register for T.M.P. Nagar Chruch Street. Overall, from 2002 to 2024, the guideline value has increased by 1411%.

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 guideline value for these streets is Rs 7,100 per sq.ft, placing T.M.P. Nagar Chruch Street's 2024 figure below this median.

• T.M.P. Nagar Bharadhidasan Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Gandhi Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Avvai Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar kamarajar Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Arunagirinathar Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Kambar Street: Rs 3,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

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

The T.M.P. Nagar Chruch Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, 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 during the registration of property transactions in Mugappair. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are collected based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It ensures transparency and fairness in the registration process, as the fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of T.M.P. Nagar Chruch Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 364 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing a significant increase over the years.

What is the median guideline value in Mugappair?

The median guideline value for streets in Mugappair is Rs 7,100 per sq.ft, which is higher than the current value of T.M.P. Nagar Chruch Street.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles the registration for T.M.P. Nagar Chruch Street?

The registration for T.M.P. Nagar Chruch Street is handled by the Konnur Sub Registrar Office, located in Ambattur, Chennai.