Guideline Value for M.G.R. Street(Pudur)

M.G.R. Street(Pudur) guideline value

The current guideline value of M.G.R. Street(Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - I.

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

The guideline value for M.G.R. Street(Pudur) has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking a 260% rise. However, it then dropped to Rs 1,206 per sq.ft in 2017, which was a decrease of 33%. The value rose again to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

There are no figures available for M.G.R. Street(Pudur) for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 280%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. M.G.R. Street(Pudur) is below this median value.

• M.G.R. Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• M.G.R.Street (Gandhi Nagar Part): Rs 1,800 per sq.ft (2024)
• M.G.R. Street (A.K.A. Nagar): Rs 1,600 per sq.ft (2024)
• Min Nagar: Rs 1,900 per sq.ft (2024)
• Min Nagar extention: Rs 1,900 per sq.ft (2024)
• M.G.R. Avenue (Banu Nagar): Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost for these fees to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers M.G.R. Street(Pudur)?

The Sub Registrar Office that covers M.G.R. Street(Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial aspect when buying or selling property in Oragadam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. This value is set by the government and is subject to revisions periodically.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of M.G.R. Street(Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024. The most significant increase was from 2012 to 2017, where it dropped from Rs 1,800 to Rs 1,206 per sq.ft, followed by a rise to Rs 1,800 in 2023.

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

M.G.R. Street(Pudur) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers M.G.R. Street(Pudur), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 1,71,000, which includes both stamp duty and registration fees.