Guideline Value for M R GARDEN

M R Garden guideline value

The current guideline value of M R Garden, located in Anupampattu village, is Rs 300 per sq.ft. This value is set under the Ponneri SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of M R Garden has changed

The guideline value for M R Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has remained consistent with an overall increase of 49% since 2017.

Guideline values in Anupampattu

Anupampattu village has 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making M R Garden's 2024 figure equal to this median.

• Msv Nagar: Rs 400 per sq.ft (2024)
• Meenakshi Amman Nagr: Rs 300 per sq.ft (2024)
• Medthina City: Rs 300 per sq.ft (2024)
• Mahaveer Nagar: Rs 300 per sq.ft (2024)
• New Balaji Nagar Avenue: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in M R Garden

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers M R Garden?

The M R Garden area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Anupampattu. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of M R Garden?

The current guideline value of M R Garden is Rs 300 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has seen a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the registration office for M R Garden?

The registration office for M R Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in M R Garden?

Stamp duty for properties in M R Garden is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.

What other streets have guideline values in Anupampattu?

Other streets in Anupampattu include Msv Nagar with a guideline value of Rs 400 per sq.ft, while several others, including Meenakshi Amman Nagr, Medthina City, Mahaveer Nagar, New Balaji Nagar Avenue, and Mahalakshmi Nagar, have a guideline value of Rs 300 per sq.ft.