Guideline Value for M.G.SALAI -METTU COLONY BAJANAI KOIL STREET LINK ROAD

M.G.Salai -Mettu Colony Bajanai Koil Street Link Road guideline value

The current guideline value of M.G.Salai -Mettu Colony Bajanai Koil Street Link Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of M.G.Salai -Mettu Colony Bajanai Koil Street Link Road has changed

The guideline value for M.G.Salai -Mettu Colony Bajanai Koil Street Link Road has seen several revisions over the years. The earliest recorded value was Rs 1,800 per sq.ft in 2012. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. The value then increased significantly to Rs 1,800 per sq.ft in 2023, and most recently to Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. This indicates a fluctuating trend in the guideline value over the years.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing M.G.Salai -Mettu Colony Bajanai Koil Street Link Road's 2024 figure below this median.

• M G Road: Rs 2,220 per sq.ft (2024)
• M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road: Rs 1,980 per sq.ft (2024)
• M.G.R. Nagar: Rs 2,200 per sq.ft (2024)
• Mettu Colony Link Road: Rs 1,980 per sq.ft (2024)
• Mettu Colony Anna Street: Rs 3,300 per sq.ft (2024)
• Mettu Colony: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in M.G.Salai -Mettu Colony Bajanai Koil Street Link Road

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, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers M.G.Salai -Mettu Colony Bajanai Koil Street Link Road?

The M.G.Salai -Mettu Colony Bajanai Koil Street Link Road falls under the jurisdiction of the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Manapakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value helps in maintaining compliance with local regulations.

Frequently asked questions

What is the current guideline value of M.G.Salai -Mettu Colony Bajanai Koil Street Link Road?

The current guideline value of M.G.Salai -Mettu Colony Bajanai Koil Street Link Road 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 several times, with the most recent increase being from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for this street?

M.G.Salai -Mettu Colony Bajanai Koil Street Link Road is classified as Residential Class IV Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering M.G.Salai -Mettu Colony Bajanai Koil Street Link Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,78,200.