Guideline Value for M.S.Nagar

M.S.Nagar guideline value

The current guideline value of M.S.Nagar, located in Agraharam Vada village under the Poonamallee SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

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

The guideline value for M.S.Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased the value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Between the 2012 and 2023 revisions, the guideline value rose by 50%. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 65%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Agraharam Vada

In Agraharam Vada, there are 17 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 660 to Rs 1,650 per sq.ft. The median value for these streets is Rs 880 per sq.ft, and M.S.Nagar's 2024 figure is above this median.

• Ms Nagar 47/2a: Rs 1,100 per sq.ft (2024)
• M.S.V Nagar: Rs 1,650 per sq.ft (2024)
• Manickam Nagar Extn: Rs 880 per sq.ft (2024)
• Manickam Nagar: Rs 880 per sq.ft (2024)
• L.K.B Nagar: Rs 880 per sq.ft (2024)
• Lakshmipuram: Rs 880 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, resulting in a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.S.Nagar?

The Sub Registrar Office covering M.S.Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Agraharam Vada, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. This ensures that the transaction is legally recognized and that the appropriate taxes are paid to the government.

Frequently asked questions

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

The current guideline value of M.S.Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 65% over this period.

What are the stamp duty and registration fees for property in M.S.Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers M.S.Nagar?

The Poonamallee Sub Registrar Office covers M.S.Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for M.S.Nagar?

The land classification for M.S.Nagar is Mixed Type - III, which indicates the type of development permissible in the area.