Guideline Value for M.S.GARDEN NALLEESWARAR NAGAR PHASE -II

M.S.Garden Nalleeswarar Nagar Phase -II guideline value

The current guideline value of M.S.Garden Nalleeswarar Nagar Phase -II is Rs 660 per sq.ft. This locality is situated in Vayallanallur_b village, under the Poonamallee SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of M.S.Garden Nalleeswarar Nagar Phase -II has changed

The guideline value register for M.S.Garden Nalleeswarar Nagar Phase -II has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 660 per sq.ft.

As there have been no changes between the revisions listed, the 2024 figure remains the only available data for this street.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 3,100 per sq.ft. The median guideline value for these streets is Rs 1,640 per sq.ft, placing M.S.Garden Nalleeswarar Nagar Phase -II below this median.

• Muktha Meenakshi Sundaram Nagar: Rs 750 per sq.ft (2024)
• Muktha Samruddhi Nagar: Rs 750 per sq.ft (2024)
• Muthu Nagar: Rs 1,640 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,925 per sq.ft (2024)
• Kaviya Garden: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in M.S.Garden Nalleeswarar Nagar Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.S.Garden Nalleeswarar Nagar Phase -II?

The Sub Registrar Office that covers M.S.Garden Nalleeswarar Nagar Phase -II is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Vayallanallur_b. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in this area.

When registering a property, the guideline value is used to assess the applicable charges, ensuring that the fees are calculated based on either the guideline value or the sale price, depending on which is higher. This ensures transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of M.S.Garden Nalleeswarar Nagar Phase -II?

The current guideline value of M.S.Garden Nalleeswarar Nagar Phase -II is Rs 660 per sq.ft, effective from 1 July 2024.

What is the land classification for M.S.Garden Nalleeswarar Nagar Phase -II?

The land classification for M.S.Garden Nalleeswarar Nagar Phase -II is Residential Special Type - IV.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for this street. The only available figure is from the 2024 revision, which is Rs 660 per sq.ft.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles registrations for properties in M.S.Garden Nalleeswarar Nagar Phase -II.