Guideline Value for M G M ANANDHA NAGAR

M G M Anandha Nagar guideline value

The current guideline value of M G M Anandha Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Naalur village and falls under the Ponneri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of M G M Anandha Nagar has changed

According to the guideline value register, the revisions for M G M Anandha Nagar show that there is no figure available for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 400 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 400 per sq.ft. This indicates that there has been a 0% change from 2023 to 2024.

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median of Rs 400 per sq.ft. M G M Anandha Nagar's 2024 figure is equal to this median.

• Minjur Modern City: Rs 400 per sq.ft (2024)
• M.K.N. Nagar: Rs 500 per sq.ft (2024)
• Muthaiyah Garden: Rs 400 per sq.ft (2024)
• Om Sakthi Naagr: Rs 400 per sq.ft (2024)
• Padmavathi Nagar: Rs 600 per sq.ft (2024)
• Kesavapuram: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in M G M Anandha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M G M Anandha Nagar?

The Sub Registrar Office that covers M G M Anandha Nagar 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 Naalur

The guideline value is a critical factor in the registration of property transactions in Naalur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in establishing a baseline for the transaction price. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of M G M Anandha Nagar?

The current guideline value of M G M Anandha Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for M G M Anandha Nagar in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years.

What is the land classification for M G M Anandha Nagar?

The land classification for M G M Anandha Nagar is Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations in the area.

How is stamp duty calculated for properties in M G M Anandha Nagar?

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 guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.