Guideline Value for M.G.R. Ist Cross Street

M.G.R. Ist Cross Street guideline value

The current guideline value of M.G.R. Ist Cross Street is Rs 2,350 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

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

In the 2017 revision, the guideline value was Rs 1,407 per sq.ft. This figure increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, reflecting an increase of 12% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 67%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for M.G.R. Ist Cross Street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, and M.G.R. Ist Cross Street's 2024 figure is above that median.

• M.G.R. 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• M.G.R. 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• MGR Nagar: Rs 1,760 per sq.ft (2024)
• M.G.R. Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• M.G.R. Nagar 3rd Street: Rs 2,350 per sq.ft (2024)
• M.G.R. Nagar Ist Street: Rs 2,350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,350 per sq.ft, the guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers M.G.R. Ist Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of M.G.R. Ist Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67%.

What is the median guideline value in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur is Rs 1,980 per sq.ft, with M.G.R. Ist Cross Street's value being above this median.

What are the registration fees for property transactions?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

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

The Sub Registrar Office for M.G.R. Ist Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can also find your SRO online.