Guideline Value for M.G.R Nagar ,4th Street

M.G.R Nagar ,4th Street guideline value

The current guideline value of M.G.R Nagar ,4th Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of M.G.R Nagar ,4th Street has changed

In the 2017 revision, the guideline value was set at Rs 1,206 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,980 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing M.G.R Nagar ,4th Street's 2024 figure below this median.

• M.G.R Nagar , 5th Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar ,3rd Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar ,6th Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar, 7th Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar ,1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in M.G.R Nagar ,4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. Note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G.R Nagar ,4th Street?

The M.G.R Nagar ,4th Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. This ensures that both parties are aware of the minimum value at which the property can be registered, thus facilitating a transparent process.

Frequently asked questions

What is the current guideline value of M.G.R Nagar ,4th Street?

The current guideline value of M.G.R Nagar ,4th Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the guideline values for other streets in Pammal?

Other streets in Pammal have a guideline value of Rs 1,980 per sq.ft as well, including M.G.R Nagar ,5th Street, M.G.R Nagar ,3rd Street, M.G.R Nagar ,6th Street, M.G.R Nagar ,7th Street, M.G.R Nagar ,2nd Street, and M.G.R Nagar ,1st Street.

What is the registration fee for properties in M.G.R Nagar ,4th Street?

The registration fee for properties in M.G.R Nagar ,4th Street is calculated based on the guideline value. For example, for a property valued at Rs 19,80,000, the registration fee would be Rs 39,600 at a rate of 2%.

Where can I find the Sub Registrar Office for M.G.R Nagar ,4th Street?

The Sub Registrar Office covering M.G.R Nagar ,4th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the provided link.