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Guideline Value

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

₹3800/sq.ft.

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

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T.M.P. Nagar Gandhi Street guideline value

The current guideline value for T.M.P. Nagar Gandhi 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 Gandhi Street has changed

The guideline value for T.M.P. Nagar Gandhi Street has seen several revisions over the years. In 2002, the guideline value was Rs 322 per sq.ft, which increased to Rs 354 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 800 per sq.ft in 2007, which was a 126% change. Following this, the value jumped to Rs 3,500 per sq.ft in 2012, representing a substantial 338% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, which was a 33% decline. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it increased to Rs 3,800 per sq.ft in 2024, reflecting a 9% change.

Overall, from 2002 to 2024, the guideline value has increased by 1080%. There are no figures available for the revisions in years other than those specified.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft as of 2024. The median value for these streets is Rs 7,100 per sq.ft, placing T.M.P. Nagar Gandhi Street's current value below that median.

Stamp duty and registration fee for property in T.M.P. Nagar Gandhi 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, while the registration fee at 2% would be Rs 76,000. Together, these fees total 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.

You can also use our stamp duty and registration fee calculator for more specific calculations.

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

The Sub Registrar Office that covers T.M.P. Nagar Gandhi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mugappair. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value may influence the overall costs associated with property transactions.

When registering a property, the guideline value serves as a benchmark, ensuring that the transaction is recorded at a value that reflects the prevailing rates in the area. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for T.M.P. Nagar Gandhi Street?

The current guideline value for T.M.P. Nagar Gandhi 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, reflecting an overall increase of 1080% over this period.

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

The land classification for T.M.P. Nagar Gandhi Street is Residential Class II Type - I.

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

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

How is the stamp duty calculated for properties in T.M.P. Nagar Gandhi Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at a rate of 7%.