Guideline Value for M.N.GARDEN PHASE I

M.N.Garden Phase I guideline value

The current guideline value of M.N.Garden Phase I is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Vannipakkam village, under the Ponneri SRO, and is classified as Residential Special Type - I.

How the guideline value of M.N.Garden Phase I has changed

The register has no figure for M.N.Garden Phase I for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 250 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

In summary, the 2024 revision maintains the same guideline value of Rs 250 per sq.ft as the previous year, 2023. This consistency reflects the current valuation for this street.

Guideline values in Vannipakkam

In Vannipakkam, there are 7 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 250 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing M.N.Garden Phase I above this median.

• M.N.Garden Phase II: Rs 250 per sq.ft (2024)
• M.G.M. Nagar: Rs 200 per sq.ft (2024)
• Mallikai Nagar: Rs 200 per sq.ft (2024)
• Sri Bhavani Nagar: Rs 200 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 200 per sq.ft (2024)
• Srinivasapuram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in M.N.Garden Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers M.N.Garden Phase I?

The M.N.Garden Phase I property is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vannipakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the value of the property is accurately reflected in official records.

Frequently asked questions

What is the current guideline value of M.N.Garden Phase I?

The current guideline value of M.N.Garden Phase I is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures recorded for M.N.Garden Phase I in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 250 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

What are the guideline values for other streets in Vannipakkam?

In Vannipakkam, other streets have guideline values ranging from Rs 200 to Rs 250 per sq.ft. M.N.Garden Phase I is above the median value of Rs 200 per sq.ft for the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for M.N.Garden Phase I?

The Ponneri Sub Registrar Office covers M.N.Garden Phase I and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more details about your SRO online.