Guideline Value for MAGARANTHAM

Magarantham guideline value

The current guideline value of Magarantham, located in Chettipunniyam village under the Chengleput Joint II SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Magarantham has changed

The guideline value for Magarantham has remained consistent in recent revisions. In the 2023 revision, the guideline value was Rs 1,500 per sq.ft, and it has not changed in the 2024 revision, which also lists it at Rs 1,500 per sq.ft. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

This stability indicates that there has been no percentage change between the 2023 and 2024 revisions, which is noted as +0%. The guideline value has been maintained at Rs 1,500 per sq.ft across these two years.

Guideline values in Chettipunniyam

Chettipunniyam village has a total of 47 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 700 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 900 per sq.ft, placing Magarantham's 2024 figure above that median.

• Mahalakshmi Nagar: Rs 700 per sq.ft (2024)
• M K Suseela's Hyyag Avenue: Rs 1,500 per sq.ft (2024)
• Narendara Nagar: Rs 700 per sq.ft (2024)
• New Fair Lands Nagar: Rs 1,500 per sq.ft (2024)
• Jp Hill View Enclave: Rs 1,200 per sq.ft (2024)
• Jothi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Magarantham

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Magarantham?

The Sub Registrar Office covering Magarantham is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipunniyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Magarantham?

The current guideline value of Magarantham is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Magarantham has remained stable at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Magarantham?

The land classification for Magarantham is Mixed Special Type - I, indicating the nature of the land use in the area.

What are the other streets in Chettipunniyam?

Other streets in Chettipunniyam include Mahalakshmi Nagar, M K Suseela's Hyyag Avenue, Narendara Nagar, New Fair Lands Nagar, Jp Hill View Enclave, and Jothi Nagar, with varying guideline values.

Where can I find the Sub Registrar Office for Magarantham?

The Sub Registrar Office for Magarantham is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.