Guideline Value for M.S.R. Garden

M.S.R. Garden guideline value

The current guideline value of M.S.R. Garden, located in Mudhukoor village under the Sunguvarchattram SRO, is Rs 448 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of M.S.R. Garden has changed

According to the guideline value register, the revisions for M.S.R. Garden have been consistent over the years. The 2023 revision also recorded a guideline value of Rs 448 per sq.ft, indicating no change from the previous year. Notably, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The most recent revision in 2024 maintained the guideline value at Rs 448 per sq.ft, showing a change of +0% from the 2023 revision. This consistency in the guideline value reflects stability in the pricing for this street.

Guideline values in Mudhukoor

Mudhukoor village has 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 448 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing M.S.R. Garden above this median value.

• Mudukoor Colony Part: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Melandai Vedhi: Rs 200 per sq.ft (2024)
• Narasamangalam Colony: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street: Rs 200 per sq.ft (2024)
• Mappedu Sellum Salai: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in M.S.R. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, totaling Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.S.R. Garden?

The Sub Registrar Office that covers M.S.R. Garden is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Mudhukoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of M.S.R. Garden?

The current guideline value of M.S.R. Garden is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for M.S.R. Garden has remained at Rs 448 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for M.S.R. Garden?

The land classification for M.S.R. Garden is Residential Special Type - II, which indicates its designated use within the village.

How is the stamp duty calculated for properties in M.S.R. Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 448 per sq.ft, the stamp duty would be Rs 31,360.

Where can I find the Sub Registrar Office for M.S.R. Garden?

The Sub Registrar Office for M.S.R. Garden is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details online.