Guideline Value for M.V.SAI NAGAR

M.V.Sai Nagar guideline value

The current guideline value of M.V.Sai Nagar is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village under the Selaiyur SRO, classified as Mixed Type - II.

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

According to the guideline value register, there are no recorded figures for M.V.Sai Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 3,735 per sq.ft, which was then increased by 10% to Rs 4,100 per sq.ft in the 2024 revision.

This change reflects a significant increase in the guideline value, moving from Rs 3,735 per sq.ft in 2023 to Rs 4,100 per sq.ft in 2024. This increment indicates a notable adjustment in property valuation for M.V.Sai Nagar.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 2,100 per sq.ft, placing M.V.Sai Nagar above this median.

• Moogambigai Nagar: Rs 1,900 per sq.ft (2024)
• M.G.R.Nagar: Rs 1,650 per sq.ft (2024)
• Nookampalayam Main Road: Rs 2,100 per sq.ft (2024)
• Meenakshi Street: Rs 1,300 per sq.ft (2024)
• Ottiambakkam - Sithalapakkam Road: Rs 2,100 per sq.ft (2024)
• Ottiyambakkam-Chithalapakkam Road: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in M.V.Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, while the registration fee at 2% would be Rs 82,000, bringing the total to Rs 3,69,000. It is important to note that the 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.Sai Nagar?

The Sub Registrar Office covering M.V.Sai Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Arasankalani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is aligned with the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

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

The current guideline value of M.V.Sai Nagar is Rs 4,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,735 per sq.ft in 2023 to Rs 4,100 per sq.ft in 2024, marking a 10% rise.

What is the land classification for M.V.Sai Nagar?

M.V.Sai Nagar is classified as Mixed Type - II under the land classification system.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

Stamp duty for properties in M.V.Sai Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 41,00,000, the stamp duty would be Rs 2,87,000 at a rate of 7%.