Guideline Value for M.G.R Street

M.G.R Street guideline value

The current guideline value of M.G.R Street in Katrampakkam village, under the Sriperumpudur SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of M.G.R Street has changed

The guideline value for M.G.R Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 150 per sq.ft. This remained unchanged until the next revision in 2017, which saw a decrease to Rs 100 per sq.ft. However, from 2017 to 2023, the value increased by 50% to reach Rs 150 per sq.ft again. The most recent revision in 2024 maintained this value at Rs 150 per sq.ft, reflecting no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for M.G.R Street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a net change of 0%.

Guideline values in Katrampakkam

Katrampakkam has a total of 41 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 800 per sq.ft. The median value among these streets is Rs 250 per sq.ft, indicating that M.G.R Street's 2024 value is below this median.

• Mettu Street: Rs 300 per sq.ft (2024)
• Mariyamman Koil Street: Rs 300 per sq.ft (2024)
• Naari Kazhani Street: Rs 150 per sq.ft (2024)
• New Bank of India Colony: Rs 300 per sq.ft (2024)
• Lakshmi Nagar Annex: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in M.G.R Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G.R Street?

The Sub Registrar Office covering M.G.R Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Katrampakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

It is essential for both buyers and sellers to understand the guideline value as it impacts the overall cost of property transactions. Proper knowledge of the guideline value ensures that all legal and financial obligations are met during the registration process.

Frequently asked questions

What is the current guideline value of M.G.R Street?

The current guideline value of M.G.R Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for M.G.R Street has remained stable at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, showing a 50% increase.

What is the land classification for M.G.R Street?

M.G.R Street is classified as Residential Class IV Type - I, which is relevant for determining the guideline value and applicable regulations.

Where can I find the Sub Registrar Office for M.G.R Street?

The Sub Registrar Office for M.G.R Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 150 per sq.ft, the total fees would amount to Rs 13,500.