Guideline Value for M.G.R.Street

M.G.R.Street guideline value

The current guideline value of M.G.R.Street in Irunkattukottai_B village, under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class IV Type - I.

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

The guideline value for M.G.R.Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 250 per sq.ft. The most recent revision in 2024 maintained the guideline value at Rs 250 per sq.ft, reflecting a 0% change from the previous year.

From 2017 to 2023, the guideline value increased by 50%, and the overall change from 2017 to 2024 also shows a 50% increase. It is important to note that the register has no figures for M.G.R.Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, indicating that M.G.R.Street’s 2024 figure is below this median.

• Meenakshi Amman Nagar: Rs 600 per sq.ft (2024)
• Mecca Nagar: Rs 600 per sq.ft (2024)
• Marvel Shire Nagar: Rs 800 per sq.ft (2024)
• Nehru Street: Rs 600 per sq.ft (2024)
• Nemili Park: Rs 800 per sq.ft (2024)
• Madhavan Nagar: Rs 400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty, calculated at 7%, would be Rs 17,500, and the registration fee, charged at 2%, would be Rs 5,000. Together, these fees total Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers M.G.R.Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irunkattukottai_B. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is legally documented.

When you register a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of M.G.R.Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for M.G.R.Street increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What are the other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B include Meenakshi Amman Nagar, Mecca Nagar, Marvel Shire Nagar, Nehru Street, Nemili Park, and Madhavan Nagar, with varying guideline values ranging from Rs 400 to Rs 800 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in M.G.R.Street?

The stamp duty for a property valued at Rs 2,50,000 in M.G.R.Street would be Rs 17,500, while the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for M.G.R.Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.