Guideline Value for MA.PO.C.Nagar

MA.PO.C.Nagar guideline value

The current guideline value of MA.PO.C.Nagar is Rs 160 per sq.ft, effective from 1 July 2024. This street is located in Periyapalayam village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of MA.PO.C.Nagar has changed

The guideline value for MA.PO.C.Nagar has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 160 per sq.ft in 2012. This was followed by a decrease to Rs 107 per sq.ft in 2017, and then it remained at Rs 160 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 50%, while from 2012 to 2017, it decreased by 33%. The increase from 2007 to 2012 was 60%. Overall, from 2007 to 2024, the guideline value has increased by 60%.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for MA.PO.C.Nagar is below this median.

• Mettu Street: Rs 200 per sq.ft (2024)
• Magakavi Bharathi Nagar: Rs 600 per sq.ft (2024)
• M.G.R.Nagar: Rs 300 per sq.ft (2024)
• Madha Koil Street: Rs 160 per sq.ft (2024)
• Lakshmi Amman Nagar: Rs 250 per sq.ft (2024)
• Nethaji Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in MA.PO.C.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 160 per sq.ft, the total guideline value would be Rs 1,60,000. The stamp duty at 7% would amount to Rs 11,200, and the registration fee at 2% would be Rs 3,200, bringing the total to Rs 14,400. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers MA.PO.C.Nagar?

MA.PO.C.Nagar falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Periyapalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a property is sold, the guideline value is used to determine the applicable taxes, which are charged on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and fair for all parties involved.

Frequently asked questions

What is the current guideline value of MA.PO.C.Nagar?

The current guideline value of MA.PO.C.Nagar is Rs 160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 160 per sq.ft. The value increased from Rs 100 per sq.ft in 2007 to Rs 160 per sq.ft in 2012, then decreased to Rs 107 per sq.ft in 2017, and remained at Rs 160 per sq.ft in 2023 and 2024.

What is the stamp duty for property in MA.PO.C.Nagar?

The stamp duty for property in MA.PO.C.Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 11,200 based on the current guideline value.

Which Sub Registrar Office covers MA.PO.C.Nagar?

MA.PO.C.Nagar is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What is the land classification of MA.PO.C.Nagar?

MA.PO.C.Nagar is classified as Residential Class IV Type - I, indicating its designation for residential use within the area.