Guideline Value for M.S.R. Nagar

M.S.R. Nagar guideline value

The current guideline value of M.S.R. Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 2,090 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

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

The guideline value for M.S.R. Nagar has seen several revisions over the years. In 2003, the value was Rs 123 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2007, marking a change of +185%. The value then surged to Rs 1,900 per sq.ft in 2012, reflecting an increase of +443%. However, it dropped to Rs 1,273 per sq.ft in 2017, showing a decrease of -33%. In the 2023 revision, the value rose to Rs 1,900 per sq.ft, and in the latest 2024 revision, it increased to Rs 2,090 per sq.ft, a change of +10%.

Overall, from 2003 to 2024, the guideline value has increased by +1,599%. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

Kattupakkam has 75 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with the median being Rs 2,090 per sq.ft. The guideline value of M.S.R. Nagar matches this median.

• M.S.S. Nagar: Rs 3,520 per sq.ft (2024)
• M.S. Nagar: Rs 2,090 per sq.ft (2024)
• M.R.V. Avenue: Rs 1,980 per sq.ft (2024)
• Mount - Poonamallee trunk Road: Rs 4,290 per sq.ft (2024)
• Murugan koil Street: Rs 3,520 per sq.ft (2024)
• Moogambigai Nagar: Rs 2,090 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. 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 information.

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

The M.S.R. Nagar area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kattupakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

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

The current guideline value of M.S.R. Nagar is Rs 2,090 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 from Rs 123 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of +1,599% over this period.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,88,100.

Which office handles registrations for M.S.R. Nagar?

The Kunrathur Sub Registrar Office handles registrations for M.S.R. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of M.S.R. Nagar?

M.S.R. Nagar falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.