Guideline Value for M.G.R. 5TH STREET

M.G.R. 5th Street guideline value

The current guideline value of M.G.R. 5th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of M.G.R. 5th Street has changed

The guideline value register shows no figures for M.G.R. 5th Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,800 per sq.ft.

There have been no changes between the revisions listed above. The 2024 revision is the first recorded value for M.G.R. 5th Street in the guideline value register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means M.G.R. 5th Street's 2024 figure is above that median.

• M.G.R. 4th Street: Rs 2,800 per sq.ft (2024)
• M.G.R. 6th Street: Rs 2,800 per sq.ft (2024)
• M.G.R. 3rd Street: Rs 2,800 per sq.ft (2024)
• M.G.R. 7th Street: Rs 2,800 per sq.ft (2024)
• M.G.R. 2nd Street: Rs 2,800 per sq.ft (2024)
• M.G.R. 8th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in M.G.R. 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on costs.

Which Sub Registrar Office covers M.G.R. 5th Street?

The Sub Registrar Office that covers M.G.R. 5th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of M.G.R. 5th Street?

The current guideline value of M.G.R. 5th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for M.G.R. 5th Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision, which is Rs 2,800 per sq.ft.

What is the land classification for M.G.R. 5th Street?

The land classification for M.G.R. 5th Street is Residential Class II Type - II.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 2,800 per sq.ft include M.G.R. 4th Street, M.G.R. 6th Street, M.G.R. 3rd Street, M.G.R. 7th Street, M.G.R. 2nd Street, and M.G.R. 8th Street.

Where can I find the Sub Registrar Office for M.G.R. 5th Street?

The Sub Registrar Office for M.G.R. 5th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.