Guideline Value for Dr.M.G.R.NAGAR PHASE-III,IV

Dr.M.G.R.NAGAR PHASE-III,IV guideline value

The current guideline value for Dr.M.G.R.NAGAR PHASE-III,IV is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devathanam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Dr.M.G.R.NAGAR PHASE-III,IV has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased by 49% to Rs 100 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 100 per sq.ft, reflecting no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. Dr.M.G.R.NAGAR PHASE-III,IV's 2024 figure is equal to this median.

• Dheepam Nagar: Rs 100 per sq.ft (2024)
• Gandhi Nagar: Rs 100 per sq.ft (2024)
• Green City: Rs 100 per sq.ft (2024)
• Imayam Nagar: Rs 111 per sq.ft (2024)
• Jeremiah City: Rs 111 per sq.ft (2024)
• J S Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.M.G.R.NAGAR PHASE-III,IV

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% amounts to Rs 7,000, and the registration fee at 2% is Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.M.G.R.NAGAR PHASE-III,IV?

The Sub Registrar Office covering Dr.M.G.R.NAGAR PHASE-III,IV is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of properties in Devathanam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the state.

When buying or selling property, the guideline value is referenced to determine the minimum price at which the property can be registered. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Dr.M.G.R.NAGAR PHASE-III,IV?

The current guideline value for Dr.M.G.R.NAGAR PHASE-III,IV is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

What are the other streets in Devathanam with their guideline values?

Other streets in Devathanam include Dheepam Nagar, Gandhi Nagar, Green City, Imayam Nagar, Jeremiah City, and J S Nagar, with guideline values ranging from Rs 100 to Rs 111 per sq.ft in 2024.

Where is the Sub Registrar Office located for Dr.M.G.R.NAGAR PHASE-III,IV?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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, for a 1,000 sq.ft property at Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000, leading to a stamp duty of Rs 7,000.