Guideline Value for M.S. NAGAR

M.S. Nagar guideline value

The current guideline value of M.S. Nagar, located in Kattoor village under the Thiruporur SRO, is Rs 1,269 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - II land classification.

How the guideline value of M.S. Nagar has changed

The guideline value for M.S. Nagar has remained consistent at Rs 1,269 per sq.ft from the 2023 revision to the 2024 revision, indicating no change. Prior to this, the 2017 revision set the value at Rs 850 per sq.ft, marking a significant increase of 49% over the six-year period leading up to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for M.S. Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,493 per sq.ft. M.S. Nagar's current guideline value is above the median value of Rs 749 per sq.ft for the village.

• Palm Avenue: Rs 602 per sq.ft (2024)
• Paradise Village: Rs 1,000 per sq.ft (2024)
• Paradise Village Sai Garden: Rs 602 per sq.ft (2024)
• Sai Garden: Rs 600 per sq.ft (2024)
• Sowndharya Avenue: Rs 300 per sq.ft (2024)
• Sri Arumugam Nagar: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in M.S. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,269 per sq.ft, the total guideline value would be Rs 12,69,000. The stamp duty at 7% would amount to Rs 88,830, while the registration fee at 2% would be Rs 25,380, bringing the total to Rs 1,14,210. 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.S. Nagar?

The Sub Registrar Office that covers M.S. Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees that must be paid when buying or selling property in Kattoor. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

This value is also used to assess the market price of properties in the area, providing a reference point for both buyers and sellers during negotiations. Understanding the guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of M.S. Nagar?

The current guideline value of M.S. Nagar is Rs 1,269 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of M.S. Nagar has remained the same at Rs 1,269 per sq.ft from 2023 to 2024. It increased from Rs 850 per sq.ft in 2017 to Rs 1,269 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Kattoor and their guideline values?

Other streets in Kattoor include Palm Avenue, Paradise Village, Paradise Village Sai Garden, Sai Garden, Sowndharya Avenue, and Sri Arumugam Nagar, with guideline values ranging from Rs 300 to Rs 1,000 per sq.ft in 2024.

What fees are associated with buying property in M.S. Nagar?

When buying property in M.S. Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,14,210.

Where is the Sub Registrar Office for M.S. Nagar located?

The Sub Registrar Office that covers M.S. Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.