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

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

The current guideline value of M.G.R. Nagar 4th Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

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

The guideline value for M.G.R. Nagar 4th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is the same as the guideline value for M.G.R. Nagar 4th Cross Street.

• M.G.R. Nagar 5th Cross Street: Rs 2,400 per sq.ft (2024)
• M.G.R. Nagar 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• M.G.R. Nagar 6th Cross Street: Rs 2,400 per sq.ft (2024)
• M.G.R. Nagar 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• M.G.R. Nagar 7th Cross Street: Rs 2,400 per sq.ft (2024)
• M.G.R. Nagar 1st Cross Street: Rs 2,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. Please 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 detailed calculations.

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

The Sub Registrar Office that covers M.G.R. Nagar 4th Cross Street is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. It is important for buyers and sellers 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. Nagar 4th Cross Street?

The current guideline value of M.G.R. Nagar 4th Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, marking a 9% increase. There was no change in the 2023 revision.

What is the land classification for M.G.R. Nagar 4th Cross Street?

M.G.R. Nagar 4th Cross Street is classified as Residential Class I Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in M.G.R. Nagar 4th Cross Street is 7%, based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for M.G.R. Nagar 4th Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.