Guideline Value

Corporate

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

₹3800/sq.ft.

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

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T.M.P. Nagar Nehruji Street guideline value

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

The guideline value for T.M.P. Nagar Nehruji 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. There was a significant increase to Rs 800 per sq.ft in 2007, followed by a jump to Rs 3,500 per sq.ft in 2012. However, the value decreased to Rs 2,345 per sq.ft in 2017. The guideline value then rose to Rs 3,500 per sq.ft in 2023 and is currently set at Rs 3,800 per sq.ft for 2024, marking a change of +9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1080%. The revisions for the years 2017 to 2023 showed a notable increase of +49%, while the period from 2012 to 2017 saw a decrease of -33%. The increase from 2007 to 2012 was +338%, and from 2003 to 2007, it was +126%. The register has no figure for the years not listed.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO that carry a 2024 guideline value, 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, making the guideline value of T.M.P. Nagar Nehruji Street below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total 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, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

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

The Sub Registrar Office that covers T.M.P. Nagar Nehruji 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 during the registration of property transactions in Mugappair. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware that these costs are 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 Nehruji Street?

The current guideline value of T.M.P. Nagar Nehruji 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 several times, with the most recent increase of +9% from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024.

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

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

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for property in T.M.P. Nagar Nehruji Street?

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