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Guideline Value

Corporate

Guideline Value for Thiru Murugan Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Thiru Murugan Nagar 2nd Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹96 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹87 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Thiru Murugan Nagar 2nd Street

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Thiru Murugan Nagar 2nd Street guideline value

The current guideline value of Thiru Murugan Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Thiru Murugan Nagar 2nd Street has changed

The guideline value for Thiru Murugan Nagar 2nd Street has seen several revisions over the years. In 2002, the guideline value was Rs 87 per sq.ft, which increased to Rs 96 per sq.ft in 2003, marking a 10% rise. The value then experienced a significant jump to Rs 300 per sq.ft in 2007, reflecting a 213% increase. By 2012, the value rose further to Rs 2,500 per sq.ft, which was a 733% increase from the 2007 figure. However, it fell to Rs 1,675 per sq.ft in 2017, showing a decrease of 33%.

In 2023, the guideline value increased to Rs 2,500 per sq.ft, and the most recent revision in 2024 saw it rise to Rs 2,750 per sq.ft, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 3061%. The register has no figure for revisions in the years not mentioned.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. Thiru Murugan Nagar 2nd Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Thiru Murugan Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiru Murugan Nagar 2nd Street?

The Sub Registrar Office that covers Thiru Murugan Nagar 2nd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value serves as a baseline for calculating the applicable fees. Buyers and sellers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Thiru Murugan Nagar 2nd Street?

The current guideline value of Thiru Murugan Nagar 2nd Street is Rs 2,750 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 87 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 3061% over the years.

What are the other streets in Maduravoyal with similar guideline values?

Other streets in Maduravoyal with a guideline value of Rs 2,750 per sq.ft in 2024 include Thiru Murugan Nagar 1st Street, Thiru Murugan Nagar 3rd Street, and Thiru Kumaran Nagar.

What are the stamp duty and registration fees for property in Thiru Murugan Nagar 2nd Street?

The stamp duty for a property valued at Rs 27,50,000 would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Thiru Murugan Nagar 2nd Street?

The Virugambakkam Sub Registrar Office handles property registrations for Thiru Murugan Nagar 2nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.