Guideline Value for M.V.R.GARDEN

M.V.R.Garden guideline value

The current guideline value of M.V.R.Garden in Nenmeli village is Rs 1,045 per sq.ft, effective from the 2024 revision. This area falls under the Chengleput Joint I SRO and is classified as Mixed Special Type - III.

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

The guideline value for M.V.R.Garden has remained consistent at Rs 1,045 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, from 2023 to 2024, there has been no change in the guideline value, maintaining a steady rate of Rs 1,045 per sq.ft. This stability reflects the absence of revisions for several previous years.

Guideline values in Nenmeli

In Nenmeli, there are 53 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 612 per sq.ft, placing M.V.R.Garden's 2024 figure above this median.

• Nbj Avenue: Rs 1,195 per sq.ft (2024)
• Nsr காலனி: Rs 612 per sq.ft (2024)
• Lake Avenue: Rs 800 per sq.ft (2024)
• Kumarasamy Nagar: Rs 500 per sq.ft (2024)
• Kumarasami Nagar Part - II: Rs 500 per sq.ft (2024)
• P.T.S.Nagar: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,045 per sq.ft, the guideline value amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, totaling Rs 94,050. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering M.V.R.Garden is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Nenmeli. It is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value helps determine the official price at which the property will be registered. This value is essential for both the buyer and seller to understand the financial implications of their transaction.

Frequently asked questions

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

The current guideline value of M.V.R.Garden is Rs 1,045 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,045 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of M.V.R.Garden?

M.V.R.Garden is classified as Mixed Special Type - III under the current land classification system.

What are the stamp duty and registration fees for property in M.V.R.Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 94,050.

Where is the Sub Registrar Office for M.V.R.Garden located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in M.V.R.Garden.