Guideline Value for M R AGRAHARAM

M R Agraharam guideline value

The current guideline value of M R Agraharam, located in Devathanam village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of M R Agraharam has changed

In the 2017 revision, the guideline value for M R Agraharam was set at Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, where it continued to be Rs 100 per sq.ft. With the 2024 revision, the guideline value again stands at Rs 100 per sq.ft, indicating no change from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The change from 2017 to 2023 was also 49%, while the guideline value remained stable from 2023 to 2024 with a change of +0%.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with the median being Rs 100 per sq.ft. M R Agraharam's 2024 figure aligns with this median.

• Kuberaburi Nagar: Rs 100 per sq.ft (2024)
• Karudathiri Nagar: Rs 100 per sq.ft (2024)
• J S Nagar: Rs 100 per sq.ft (2024)
• Jeremiah City: Rs 111 per sq.ft (2024)
• Royal Modern City Phase II: Rs 100 per sq.ft (2024)
• Sai Krishna Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in M R Agraharam

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost Rs 9,000. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers M R Agraharam?

The Sub Registrar Office that covers M R Agraharam 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 in the registration process when buying or selling property in Devathanam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable taxes. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of M R Agraharam?

The current guideline value of M R Agraharam is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

Which Sub Registrar Office covers M R Agraharam?

The Ponneri Sub Registrar Office covers M R Agraharam, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the stamp duty and registration fees for property in M R Agraharam?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 1,00,000. The stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It is charged on the higher of the guideline value or the sale price to ensure appropriate revenue is collected during property transactions.