Guideline Value for M.M.R.D ROAD (200 FEET ROAD)

M.M.R.D Road (200 Feet Road) guideline value

The current guideline value of M.M.R.D Road (200 Feet Road) in Zaminpallavaram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Commercial Class I Type - III.

How the guideline value of M.M.R.D Road (200 Feet Road) has changed

The guideline value for M.M.R.D Road has seen several revisions over the years. The oldest revision available is from 2012, where the value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the value to Rs 4,400 per sq.ft, marking a significant increase of 64% from the 2017 figure. The register has no figures for the years 2023, 2007, 2003, and 2002.

When looking at the overall changes, from 2012 to 2017, there was a decrease of 33%. However, from 2012 to 2024, the guideline value has increased by 10% overall. This indicates fluctuations in the guideline value over the years, reflecting the changing landscape of the area.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of M.M.R.D Road (200 Feet Road) is above this median, indicating its relative position in the market.

• M.K.Nagar: Rs 4,400 per sq.ft (2024)
• Millath Nagar: Rs 2,100 per sq.ft (2024)
• M.G.R. Street: Rs 3,520 per sq.ft (2024)
• Mumurthi Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Mumurthi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Mumurthi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in M.M.R.D Road (200 Feet Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers M.M.R.D Road (200 Feet Road)?

The M.M.R.D Road (200 Feet Road) is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of M.M.R.D Road (200 Feet Road)?

The current guideline value of M.M.R.D Road (200 Feet Road) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,400 per sq.ft in 2024. The register has no figures for the years 2023, 2007, 2003, and 2002.

What is the land classification of M.M.R.D Road (200 Feet Road)?

The land classification of M.M.R.D Road (200 Feet Road) is Commercial Class I Type - III, indicating its suitability for commercial activities.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in M.M.R.D Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.