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

₹3800/sq.ft.

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

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T.M.P. Nagar Thiruvalluvar Street guideline value

The current guideline value of T.M.P. Nagar Thiruvalluvar 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, classified as Residential Class II Type - I.

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

The guideline value for T.M.P. Nagar Thiruvalluvar Street has undergone several revisions over the years. Starting from Rs 322 per sq.ft in 2002, it increased to Rs 354 per sq.ft in 2003. The value saw a significant rise to Rs 800 per sq.ft in 2007, followed by a drop to Rs 3,500 per sq.ft in 2012. The value then decreased further to Rs 2,345 per sq.ft in 2017 before increasing to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft.

In terms of changes, from 2002 to 2024, the overall increase is 1,080%. Between the revisions, the most notable changes include a 338% increase from 2007 to 2012, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Mugappair

Mugappair village has 224 streets under the Konnur SRO with 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, placing T.M.P. Nagar Thiruvalluvar Street's 2024 figure below that median.

Stamp duty and registration fee for property in T.M.P. Nagar Thiruvalluvar 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, and the registration fee at 2% would be Rs 76,000, bringing the total fees to 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 use our stamp duty and registration fee calculator for more accurate calculations.

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

The Sub Registrar Office that covers T.M.P. Nagar Thiruvalluvar 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 property transactions in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees payable when registering a property. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable fees. The fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of T.M.P. Nagar Thiruvalluvar 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 increased 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 is the land classification for T.M.P. Nagar Thiruvalluvar Street?

T.M.P. Nagar Thiruvalluvar 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 Thiruvalluvar Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 and a registration fee of Rs 76,000.