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

M.G.R.Nagar Ist Street guideline value

The current guideline value of M.G.R.Nagar Ist Street, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

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

The guideline value for M.G.R.Nagar Ist Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,407 per sq.ft. This value increased to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

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

Guideline values in Anakaputhur

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

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total 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 fees to Rs 2,11,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers M.G.R.Nagar Ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. When registering a property, the guideline value is used to calculate the stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. Accurate knowledge of the guideline value ensures compliance with legal requirements during the registration process.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 67%, from Rs 1,407 per sq.ft to the current Rs 2,350 per sq.ft in 2024.

What is the stamp duty rate for property in M.G.R.Nagar Ist Street?

The stamp duty rate for property transactions in M.G.R.Nagar Ist Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How many streets are there in Anakaputhur under the Pammal SRO?

There are a total of 501 streets in Anakaputhur that come under the Pammal SRO, each with its own guideline value.