Guideline Value for M.G.R.Salai

M.G.R.Salai guideline value

The current guideline value of M.G.R.Salai is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

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

The guideline value for M.G.R.Salai has seen significant changes over the years. In 2002, the guideline value was Rs 278 per sq.ft, which increased to Rs 315 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, reflecting a 14% increase. By 2017, the value surged to Rs 1,206 per sq.ft, which is a remarkable 235% increase from 2007. In 2023, the guideline value reached Rs 1,800 per sq.ft, a 49% increase from 2017.

The latest revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year. It is important to note that there is no figure available for the year 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing M.G.R.Salai's 2024 figure below this median.

• MGR Road, Nagelkeni: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar, 7th Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar, 6th Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar, 5th Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar, 4th Street: Rs 1,980 per sq.ft (2024)
• M.G.R Nagar, 3rd Street: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

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

The M.G.R.Salai is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It is the value set by the government for properties in a specific area, which is used to calculate the stamp duty and registration fees during the sale or purchase of property.

When a property is registered, the guideline value is taken into account to ensure that the appropriate fees are paid. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of M.G.R.Salai is Rs 1,980 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 278 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 612% over the years.

What is the registration fee for a property in M.G.R.Salai?

The registration fee is calculated based on the guideline value. For a property valued at Rs 19,80,000, the registration fee at 2% would be Rs 39,600.

Which office handles registrations for M.G.R.Salai?

The Pammal Sub Registrar Office handles registrations for M.G.R.Salai, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Is there a guideline value for the year 2012?

No, the register has no figure for M.G.R.Salai for the year 2012.