Guideline Value

Corporate

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

₹5500/sq.ft.

The guideline value for T.m.p. Nagar Masuthi Street in Mugappair village (Konnur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹570 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹519 /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 Masuthi Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

T.M.P. Nagar Masuthi Street guideline value

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

The guideline value for T.M.P. Nagar Masuthi Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 519 per sq.ft, which increased to Rs 570 per sq.ft in 2003. The value then rose significantly to Rs 1,500 per sq.ft in 2007, followed by a substantial jump to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017. The subsequent revisions saw the value rise to Rs 5,000 per sq.ft in 2023 and finally to Rs 5,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 960%. Notably, there are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Mugappair

In Mugappair village, there are 224 streets under the Konnur SRO with 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 Masuthi Street is below this median.

Stamp duty and registration fee for property in T.M.P. Nagar Masuthi 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 amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers T.M.P. Nagar Masuthi 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Mugappair. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly affects the financial aspects of the transaction. Accurate knowledge of the guideline value can help in better planning for the costs involved in property registration.

Frequently asked questions

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

The current guideline value of T.M.P. Nagar Masuthi 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 519 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 960% over the years.

What is the registration office for T.M.P. Nagar Masuthi Street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,85,000.

What are the guideline values for other streets in Mugappair?

Other streets in Mugappair have a guideline value of Rs 3,800 per sq.ft for several streets, while the overall range for the village is between Rs 3,300 to Rs 8,800 per sq.ft.