Guideline Value for M.G. NAGAR EXTENSION

M.G. Nagar Extension guideline value

The current guideline value of M.G. Nagar Extension in Kayirambedu village is Rs 2,389 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - II.

How the guideline value of M.G. Nagar Extension has changed

The guideline value for M.G. Nagar Extension has remained stable over the recent years. The register shows that there were no figures for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,389 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was a change of +0%, indicating that the guideline value has not fluctuated. The current value of Rs 2,389 per sq.ft has been consistent across both the 2023 and 2024 revisions.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making M.G. Nagar Extension's 2024 figure above that median.

• M.G.Nagar: Rs 2,389 per sq.ft (2024)
• Mahanathi Nagar: Rs 700 per sq.ft (2024)
• Madhavi Nagar: Rs 700 per sq.ft (2024)
• Lumina: Rs 1,001 per sq.ft (2024)
• Nethaji Nagar: Rs 700 per sq.ft (2024)
• N. K. C. Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in M.G. Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value would be Rs 23,89,000. The stamp duty at 7% would amount to Rs 1,67,230, and the registration fee at 2% would be Rs 47,780. Together, the total cost for these fees would be Rs 2,15,010. Note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G. Nagar Extension?

The M.G. Nagar Extension is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of M.G. Nagar Extension?

The current guideline value of M.G. Nagar Extension is Rs 2,389 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 2,389 per sq.ft for both the 2023 and 2024 revisions. There were no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of M.G. Nagar Extension?

M.G. Nagar Extension is classified as Mixed Special Type - II under the Chengleput Joint II SRO.

What are the registration fees for property in M.G. Nagar Extension?

For a property valued at Rs 23,89,000, the stamp duty would be Rs 1,67,230 and the registration fee would be Rs 47,780, totaling Rs 2,15,010.

Where is the Sub Registrar Office for M.G. Nagar Extension located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.