Guideline Value

Corporate

Guideline Value for T.P MUTHU NAGAR

₹385/sq.ft.

The guideline value for T.p Muthu Nagar in Boodur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 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

Boodur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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.p Muthu Nagar

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T.P Muthu Nagar guideline value

The current guideline value of T.P Muthu Nagar, located in Boodur village under the Redhills SRO, is Rs 385 per sq.ft. This value is effective from the 2024 revision, which was implemented on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of T.P Muthu Nagar has changed

The guideline value of T.P Muthu Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 350 per sq.ft. This figure then decreased to Rs 234 per sq.ft in the 2017 revision, marking a decline of 33%. However, the 2017 to 2023 revision saw a significant increase to Rs 350 per sq.ft, followed by another rise to Rs 385 per sq.ft in the 2024 revision, which represents a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes in guideline values are only noted from the revisions available.

Guideline values in Boodur

Boodur village has 15 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 257 to Rs 1,150 per sq.ft. The median value for these streets is Rs 385 per sq.ft, which is equal to the current guideline value of T.P Muthu Nagar.

Stamp duty and registration fee for property in T.P Muthu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty, charged at 7%, would amount to Rs 26,950, while the registration fee at 2% would be Rs 7,700. Together, the total cost for stamp duty and registration fee would be Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.P Muthu Nagar?

The Sub Registrar Office that covers T.P Muthu Nagar is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor used during the registration process when buying or selling property in Boodur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of T.P Muthu Nagar?

The current guideline value of T.P Muthu Nagar is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back to Rs 350 in 2023, and finally to Rs 385 in 2024, reflecting a 10% increase from 2023 to 2024.

What are the stamp duty and registration fees for property in T.P Muthu Nagar?

For a plot size of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 26,950, and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which Sub Registrar Office covers T.P Muthu Nagar?

The Redhills Sub Registrar Office covers T.P Muthu Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for T.P Muthu Nagar?

The land classification for T.P Muthu Nagar is Residential Class I Type - I, indicating its suitability for residential development.