Guideline Value for M.G.R.Nagar

M.G.R.Nagar guideline value

The current guideline value of M.G.R.Nagar, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

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

The guideline value for M.G.R.Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and further increased to Rs 1,100 per sq.ft in 2024, reflecting a growth of 10%.

Between 2017 and 2023, the guideline value saw a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for M.G.R.Nagar is equal to this median.

• Mookalathaman Cross Street: Rs 550 per sq.ft (2024)
• Maraimalai Adikal Street: Rs 1,100 per sq.ft (2024)
• Maniyammap Street: Rs 1,100 per sq.ft (2024)
• Maniyammai Cross Street: Rs 1,100 per sq.ft (2024)
• Manimegalai Street: Rs 1,100 per sq.ft (2024)
• M.Varadharasanar Street: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering M.G.R.Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Periyakuppam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with legal requirements.

Frequently asked questions

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

The current guideline value of M.G.R.Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for M.G.R.Nagar?

M.G.R.Nagar falls under the Residential Class I Type - III land classification, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for M.G.R.Nagar?

The Sub Registrar Office for M.G.R.Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for property in M.G.R.Nagar?

Stamp duty is 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 guideline value of Rs 1,100 per sq.ft would incur a total guideline value of Rs 11,00,000, leading to a stamp duty of Rs 77,000.