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Guideline Value

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Guideline Value for Vadakku Thirumalai Nagar First Lane

₹2750/sq.ft.

The guideline value for Vadakku Thirumalai Nagar First Lane in Malligaicherry village (Konnur 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Class I 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 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹470 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹311 /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 Vadakku Thirumalai Nagar First Lane

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Vadakku Thirumalai Nagar First Lane guideline value

The current guideline value of Vadakku Thirumalai Nagar First Lane is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village and falls under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Vadakku Thirumalai Nagar First Lane has changed

Over the years, the guideline value for Vadakku Thirumalai Nagar First Lane has seen significant changes. Starting from Rs 311 per sq.ft in 2002, the value increased to Rs 470 per sq.ft in 2003, marking a 51% rise. The value continued to grow, reaching Rs 800 per sq.ft in 2007, which was a 70% increase from the previous revision. In 2012, the value was Rs 2,500 per sq.ft, reflecting a 213% increase from 2007. However, it then decreased by 33% to Rs 1,675 per sq.ft in 2017. The value saw a substantial rise of 49% to Rs 2,500 per sq.ft in 2023, and most recently, it increased by 10% to the current value of Rs 2,750 per sq.ft in 2024.

The register has no figure for the years not mentioned in the revisions, ensuring that all changes are accounted for within the specified years.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Vadakku Thirumalai Nagar First Lane is above this median.

Stamp duty and registration fee for property in Vadakku Thirumalai Nagar First Lane

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

Which Sub Registrar Office covers Vadakku Thirumalai Nagar First Lane?

The Sub Registrar Office that covers Vadakku Thirumalai Nagar First Lane is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Malligaicherry. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is conducted at a value that reflects the current market conditions as per the official records.

When a property is sold, the buyer and seller must consider the guideline value for calculating the applicable stamp duty and registration fees. This ensures compliance with the regulations set by the Registration Department, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vadakku Thirumalai Nagar First Lane?

The current guideline value of Vadakku Thirumalai Nagar First Lane 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 311 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the registration office for Vadakku Thirumalai Nagar First Lane?

The registration office for Vadakku Thirumalai Nagar First Lane is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Vadakku Thirumalai Nagar First Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,92,500.

What are the guideline values of other streets in Malligaicherry?

Other streets in Malligaicherry have varying guideline values, with rates ranging from Rs 2,200 to Rs 6,000 per sq.ft. Vadakku Thirumalai Nagar First Lane's value is currently Rs 2,750 per sq.ft, which is above the median value of Rs 2,400 per sq.ft.