Guideline Value for M.R.B. NAGAR

M.R.B. Nagar guideline value

The current guideline value of M.R.B. Nagar, located in Sadayankuppam village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of M.R.B. Nagar has changed

The guideline value for M.R.B. Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 39 per sq.ft, which increased to Rs 50 per sq.ft in 2007. The 2012 revision set the value at Rs 600 per sq.ft, followed by a decrease to Rs 402 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and it has now reached Rs 1,002 per sq.ft in the 2024 revision. It is important to note that the register has no figure for this street in 2002.

Overall, from 2003 to 2024, the guideline value has increased by 2,469%. The most notable changes include a substantial rise from Rs 402 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, reflecting a 149% increase. The increase from 2007 to 2012 was 1,100%, while the shift from 2003 to 2007 was 28%.

Guideline values in Sadayankuppam

Sadayankuppam has 20 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,200 per sq.ft. The median value among these streets is Rs 1,002 per sq.ft, which is the same as the guideline value for M.R.B. Nagar.

• Nehru Nagar: Rs 1,002 per sq.ft (2024)
• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)
• Mallika Nagar: Rs 1,000 per sq.ft (2024)
• Nethaji Nagar: Rs 1,002 per sq.ft (2024)
• Pancavarnam Street: Rs 1,001 per sq.ft (2024)
• Perumal Koil Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in M.R.B. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty, charged at 7%, would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total cost to Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers M.R.B. Nagar?

The Sub Registrar Office that covers M.R.B. Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sadayankuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of M.R.B. Nagar?

The current guideline value of M.R.B. Nagar is Rs 1,002 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 39 per sq.ft in 2003 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 2,469% over the years.

What is the median guideline value in Sadayankuppam?

The median guideline value in Sadayankuppam is Rs 1,002 per sq.ft, which is the same as the guideline value for M.R.B. Nagar for 2024.

What are the stamp duty and registration fees for M.R.B. Nagar?

For a property in M.R.B. Nagar valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.