Guideline Value for DR.M.G.R.ST

Dr.M.G.R.St guideline value

The current guideline value of Dr.M.G.R.St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Dr.M.G.R.St has changed

The guideline value for Dr.M.G.R.St has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. From 2017 to 2023, the value increased significantly by 49% to Rs 900 per sq.ft. The most recent revision in 2024 saw an increase to Rs 990 per sq.ft, representing a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the guideline value of Dr.M.G.R.St.

• Elite Avenue: Rs 2,200 per sq.ft (2024)
• Erikkarai St: Rs 990 per sq.ft (2024)
• Cross St: Rs 990 per sq.ft (2024)
• Gandhi St: Rs 990 per sq.ft (2024)
• Chidambaranar St: Rs 990 per sq.ft (2024)
• Gopal Naidu St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.M.G.R.St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 9,90,000. The stamp duty at 7% amounts to Rs 69,300, and the registration fee at 2% is Rs 19,800, totaling Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.M.G.R.St?

The Sub Registrar Office that covers Dr.M.G.R.St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Paleripattu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. Therefore, understanding the guideline value is essential for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Dr.M.G.R.St?

The current guideline value of Dr.M.G.R.St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Dr.M.G.R.St?

Dr.M.G.R.St is classified as Residential Class II Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Dr.M.G.R.St?

The Sub Registrar Office for Dr.M.G.R.St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Dr.M.G.R.St?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 89,100.