Guideline Value for Thirunages-Colony/ MGR Nagar & Lane

Thirunages-Colony/ MGR Nagar & Lane guideline value

The current guideline value for Thirunages-Colony/ MGR Nagar & Lane is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Thirunages-Colony/ MGR Nagar & Lane has changed

The guideline value for this street has seen several revisions over the years. The oldest recorded figure is from 2012, which was Rs 700 per sq.ft. In 2017, the value decreased to Rs 469 per sq.ft, before increasing to Rs 700 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 800 per sq.ft.

In terms of percentage changes, the value increased by 14% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. The guideline value for Thirunages-Colony/ MGR Nagar & Lane is below this median.

• Thirunageswaram Colony 1: Rs 800 per sq.ft (2024)
• Thirunageswaram Colony II: Rs 800 per sq.ft (2024)
• Thirunageswaram Colony Navidhar Street: Rs 800 per sq.ft (2024)
• Thirunavukarasar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Anna Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Avvaiyar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunages-Colony/ MGR Nagar & Lane

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 Thirunages-Colony/ MGR Nagar & Lane?

The Thirunages-Colony/ MGR Nagar & Lane falls under 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 Thirunageswaram

The guideline value is an important factor when registering property transactions in Thirunageswaram. It serves as a benchmark for determining stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Thirunages-Colony/ MGR Nagar & Lane?

The current guideline value for Thirunages-Colony/ MGR Nagar & Lane is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 800 per sq.ft in 2024.

What is the median guideline value in Thirunageswaram?

The median guideline value in Thirunageswaram is Rs 1,550 per sq.ft, while Thirunages-Colony/ MGR Nagar & Lane's value is below this median.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at Rs 800 per sq.ft, the total stamp duty and registration fees would amount to Rs 72,000, calculated based on the guideline value.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details about it online.