Guideline Value for M.D.NAGAR
₹500/sq.ft.
The guideline value for M.d.nagar in Walajabad village (Walajabad SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Walajabad
Village
Walajabad
SRO
Residential Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹500 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹335 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
Records for a plot on M.d.nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Walajabad sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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M.D.Nagar guideline value
The current guideline value of M.D.Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class I Type - III.
How the guideline value of M.D.Nagar has changed
The guideline value for M.D.Nagar has seen several revisions over the years. The most recent revisions include the 2024 revision at Rs 500 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision was Rs 335 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also had a figure of Rs 500 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.
Overall, from 2012 to 2024, the guideline value has remained stable at Rs 500 per sq.ft. This consistency suggests a steady valuation in the area, especially considering the fluctuations observed in previous years.
Guideline values in Walajabad
Walajabad village has a total of 196 streets under the Walajabad SRO, with 2024 guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 750 per sq.ft, placing M.D.Nagar's 2024 figure below the median.
- Meevar Colony Kamarajar Srteet: Rs 750 per sq.ft (2024)
- Meglinpuram: Rs 750 per sq.ft (2024)
- Masthan Vali Darga St: Rs 750 per sq.ft (2024)
- Masthan Hajith Dharkar Street: Rs 750 per sq.ft (2024)
- Masoothi St: Rs 750 per sq.ft (2024)
- Marvel Residency: Rs 1,000 per sq.ft (2024)
Stamp duty and registration fee for property in M.D.Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty charged at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. 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.D.Nagar?
The Sub Registrar Office covering M.D.Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Walajabad
The guideline value plays a crucial role in the registration process of property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.
When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline value.
Frequently asked questions
What is the current guideline value of M.D.Nagar?
The current guideline value of M.D.Nagar is Rs 500 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has remained at Rs 500 per sq.ft in the 2023 and 2024 revisions, while it was Rs 335 per sq.ft in 2017. The value decreased from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and overall, it has not changed from 2012 to 2024.
What are the other streets in Walajabad and their guideline values?
Other streets in Walajabad have varying guideline values, with rates ranging from Rs 400 to Rs 2,000 per sq.ft. Notable streets include Meevar Colony Kamarajar Srteet, Meglinpuram, and Marvel Residency, among others.
What fees are associated with buying property in M.D.Nagar?
When purchasing property in M.D.Nagar, buyers should be prepared to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.
Where can I find the Sub Registrar Office for M.D.Nagar?
The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, covers M.D.Nagar.
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