Guideline Value for M.G.R. STREET

M.G.R. Street guideline value

The current guideline value of M.G.R. Street in SingaperumalKoil village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

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

The guideline value of M.G.R. Street has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The value rose to Rs 1,000 per sq.ft in 2023 and has now reached Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 2100%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current value of M.G.R. Street.

• Mettu Street: Rs 800 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Narasimavarmar Street: Rs 1,100 per sq.ft (2024)
• Mandapam Street: Rs 1,100 per sq.ft (2024)
• Nathgee Nagar: Rs 1,500 per sq.ft (2024)
• Netaji Street (Anumandhapuram Salai) - East Side To G.S.T: Rs 1,500 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 detailed calculations.

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

The Sub Registrar Office that covers M.G.R. Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in SingaperumalKoil. It determines the minimum value at which a property can be registered, and the stamp duty and registration fees are calculated based on this value.

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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 2100% over this period.

What is the stamp duty for properties on M.G.R. Street?

The stamp duty for properties on M.G.R. Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for M.G.R. Street?

The Chengleput Joint II Sub Registrar Office handles registrations for M.G.R. Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

Are there other streets with similar guideline values in SingaperumalKoil?

Yes, there are several other streets in SingaperumalKoil with similar guideline values, including Muthu Mariamman Koil Street, Narasimavarmar Street, and Mandapam Street, all at Rs 1,100 per sq.ft in 2024.