Guideline Value for M.G.R.Nagar 4th st ( Ward No.30 )

M.G.R.Nagar 4th st ( Ward No.30 ) guideline value

The current guideline value for M.G.R.Nagar 4th st ( Ward No.30 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of M.G.R.Nagar 4th st ( Ward No.30 ) has changed

The guideline value for M.G.R.Nagar 4th st has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% rise.

Prior to the 2023 revision, there were no recorded figures for this street in the earlier years mentioned. The current guideline value of Rs 1,300 per sq.ft is below the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO, which range from Rs 1,300 to Rs 7,500 per sq.ft in 2024.

Guideline values in Madhavaram

The guideline values in Madhavaram for 2024 range from Rs 1,300 to Rs 7,500 per sq.ft, with a median of Rs 1,600 per sq.ft. M.G.R.Nagar 4th st's current guideline value is below this median. Here are some other streets in Madhavaram:

• M.G.R.Nagar 5th st ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• M.G.R. Nagar 3rd Street (Ward 30): Rs 1,300 per sq.ft (2024)
• M.G.R.Nagar 6th Cross st ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• M.G.R. Nagar 6th Street (Ward 30): Rs 1,300 per sq.ft (2024)
• M.G.R.Nagar 6th st ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• M.G.R.Nagar 7th Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in M.G.R.Nagar 4th st ( Ward No.30 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G.R.Nagar 4th st ( Ward No.30 )?

The Sub Registrar Office that covers M.G.R.Nagar 4th st ( Ward No.30 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the authorities will assess the guideline value to calculate the necessary charges. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of M.G.R.Nagar 4th st ( Ward No.30 )?

The current guideline value of M.G.R.Nagar 4th st ( Ward No.30 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, with values ranging from Rs 1,300 to Rs 7,500 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in M.G.R.Nagar 4th st ( Ward No.30 )?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for M.G.R.Nagar 4th st ( Ward No.30 ) located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.