Guideline Value

Corporate

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

₹3800/sq.ft.

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

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T.M.P. Nagar Nethaji Street guideline value

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

Over the years, the guideline value for T.M.P. Nagar Nethaji Street has seen several revisions. The earliest recorded figure is from 2002, which was Rs 322 per sq.ft. This value increased to Rs 354 per sq.ft in 2003, marking a 10% rise. The next significant jump occurred in 2007, with the value reaching Rs 800 per sq.ft, a 126% increase. In 2012, the value rose to Rs 3,500 per sq.ft, reflecting a substantial 338% increase. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, and as of 2024, it stands at Rs 3,800 per sq.ft, representing a 9% increase from the previous year.

The guideline value register has no figures for the years not mentioned in the revisions. Overall, from 2002 to 2024, the guideline value has increased by 1,080%.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry 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. T.M.P. Nagar Nethaji Street's 2024 figure is below this median.

Stamp duty and registration fee for property in T.M.P. Nagar Nethaji 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, charged at 7%, would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, the total cost for stamp duty and registration would be 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 our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers T.M.P. Nagar Nethaji Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process 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 government receives adequate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to assess the applicable fees. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of T.M.P. Nagar Nethaji 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 1,080%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles registrations for T.M.P. Nagar Nethaji Street?

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

Are there other streets in Mugappair with similar guideline values?

Yes, there are several other streets in Mugappair with guideline values similar to T.M.P. Nagar Nethaji Street, including T.M.P. Nagar Nehruji Street and T.M.P. Nagar Periyar 3rd Cross Street, both at Rs 3,800 per sq.ft.