Guideline Value for M.S.V NAGAR

M.S.V Nagar guideline value

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

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

The guideline value for M.S.V Nagar has seen several revisions over the years. The latest revision in 2024 set the value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in the 2023 revision, marking a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2023 revision was Rs 1,500 per sq.ft, and the previous records do not provide any figures for M.S.V Nagar in earlier years. The current figure of Rs 1,650 per sq.ft is above the median of Rs 880 per sq.ft for other streets in Agraharam Vada.

Guideline values in Agraharam Vada

In Agraharam Vada, there are 17 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 1,650 per sq.ft. M.S.V Nagar's current value is above the median of Rs 880 per sq.ft. Here are the guideline values for other streets in Agraharam Vada:

• Ms Nagar 47/2a: Rs 1,100 per sq.ft (2024)
• M.S.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.V Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total cost of Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers M.S.V Nagar 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 Agraharam Vada

The guideline value plays a crucial role in the registration process when buying or selling property in Agraharam Vada. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the correct amounts are paid for stamp duty and registration fees. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of M.S.V 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 changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, which is an increase of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Agraharam Vada?

Other streets in Agraharam Vada have guideline values ranging from Rs 660 to Rs 1,650 per sq.ft. M.S.V Nagar's value is above the median of Rs 880 per sq.ft for the area.

How is the stamp duty calculated for properties in M.S.V Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 1,15,500.

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

The Sub Registrar Office for M.S.V Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information through the provided link.