Guideline Value for M.G.R.Street

M.G.R.Street guideline value

The current guideline value of M.G.R.Street in Kannanthangal village, under the Sriperumpudur SRO, is Rs 110 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

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. The 2012 revision recorded a value of Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following that, the value increased to Rs 100 per sq.ft in the 2023 revision, and finally, it rose to Rs 110 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The 2017 revision did not have a figure for M.G.R.Street, as the register has no figure for this street in 2007, 2003, or 2002.

Guideline values in Kannanthangal

Kannanthangal village has a total of 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 110 per sq.ft, which is equal to the current value of M.G.R.Street.

• Nadu Street: Rs 110 per sq.ft (2024)
• Mahidhara Supreme Elegant: Rs 900 per sq.ft (2024)
• Oththavadai Street: Rs 110 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)
• Pallikuda Street: Rs 110 per sq.ft (2024)
• Kambar Street: Rs 110 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 guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, leading to a total cost of Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, 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 details.

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

The guideline value plays a crucial role in property transactions in Kannanthangal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers must be aware of the current guideline value to ensure they are prepared for the associated costs.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions.

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 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 1,10,000. The stamp duty is Rs 7,700, and the registration fee is Rs 2,200, totaling Rs 9,900.

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

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

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including the location and classification of the land. It is revised periodically to reflect changes in the market.