Guideline Value for M.S.R.NAGAR

M.S.R.Nagar guideline value

The current guideline value of M.S.R.Nagar, located in Palur-A village under the Chengleput Joint II SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - I.

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

The guideline value for M.S.R.Nagar has remained stable at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, showing a change of +0%. Prior to this, the 2017 revision listed the guideline value at Rs 268 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 this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +49%.

Guideline values in Palur-A

In Palur-A, a total of 44 streets under the Chengleput Joint II SRO have a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. M.S.R.Nagar's 2024 figure aligns with this median value.

• N.G.O.Nagar: Rs 600 per sq.ft (2024)
• Olive Avenue: Rs 400 per sq.ft (2024)
• Om Sai Nagar: Rs 400 per sq.ft (2024)
• Om Sai Nagar Phase- II: Rs 400 per sq.ft (2024)
• Lodhas Pathankeshwarar Nagar: Rs 400 per sq.ft (2024)
• Lilli Avenue: Rs 600 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 rate, the guideline value is Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers M.S.R.Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor during property registration in Palur-A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is important to be aware of this value to ensure that all financial obligations are met during the transaction.

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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 400 per sq.ft from 2023 to 2024. However, it increased by +49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What are the other streets in Palur-A and their guideline values?

There are several other streets in Palur-A with varying guideline values. For example, N.G.O.Nagar has a guideline value of Rs 600 per sq.ft, while Olive Avenue, Om Sai Nagar, Om Sai Nagar Phase- II, and Lodhas Pathankeshwarar Nagar each have a value of Rs 400 per sq.ft.

What is the registration fee for property in M.S.R.Nagar?

The registration fee for property in M.S.R.Nagar is calculated based on the guideline value. For instance, for a property valued at Rs 4,00,000, the registration fee would be Rs 8,000 at a rate of 2%.

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

The Sub Registrar Office for M.S.R.Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.