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Guideline Value

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Guideline Value for ThiruNageswaram Colony M.G.R. Nagar

₹660/sq.ft.

The guideline value for Thirunageswaram Colony M.g.r. Nagar in Sundaracholavaram village (Kunrathur SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sundaracholavaram

Village

Kunrathur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Thirunageswaram Colony M.g.r. Nagar

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ThiruNageswaram Colony M.G.R. Nagar guideline value

The current guideline value of ThiruNageswaram Colony M.G.R. Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village and falls under the Kunrathur SRO. The land classification for this region is Residential Class I Type - III.

How the guideline value of ThiruNageswaram Colony M.G.R. Nagar has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, this figure dropped to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, and the latest revision in 2024 raised it to Rs 660 per sq.ft.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 140%, but then it decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and the most recent increase from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the increase is 164%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Sundaracholavaram

Sundaracholavaram village has 57 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,600 per sq.ft. The median value is Rs 660 per sq.ft, making the guideline value for ThiruNageswaram Colony M.G.R. Nagar equal to this median.

Stamp duty and registration fee for property in ThiruNageswaram Colony M.G.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that 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 more details.

Which Sub Registrar Office covers ThiruNageswaram Colony M.G.R. Nagar?

The Sub Registrar Office that covers ThiruNageswaram Colony M.G.R. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Sundaracholavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to assess the applicable fees. This ensures that both parties in the transaction are aware of the financial obligations involved, based on the established guideline value for the area.

Frequently asked questions

What is the current guideline value of ThiruNageswaram Colony M.G.R. Nagar?

The current guideline value of ThiruNageswaram Colony M.G.R. Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 250 per sq.ft in 2007 to Rs 660 per sq.ft in 2024. There have been increases and decreases across different revisions, with the most recent increase being 10% from 2023 to 2024.

What is the land classification for ThiruNageswaram Colony M.G.R. Nagar?

The land classification for ThiruNageswaram Colony M.G.R. Nagar is Residential Class I Type - III, indicating its designation for residential purposes.

What is the registration office for this area?

The registration office that covers ThiruNageswaram Colony M.G.R. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at the current rate of 7%.