Guideline Value for MAGICA PHASE - I

Magica Phase - I guideline value

The current guideline value of Magica Phase - I is Rs 3,700 per sq.ft. This property is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Magica Phase - I has changed

The guideline value of Magica Phase - I has remained consistent from the 2017 revision to the 2023 revision, with both years recording a value of Rs 3,700 per sq.ft. The 2023 revision reflects no change from the previous revision in 2017, indicating a 0% change over this period.

For the years prior to 2017, the register does not provide any figures for the revisions of 2002, 2003, 2007, 2012, and 2024. Therefore, the only available guideline values for this street are from the 2017 and 2023 revisions, both set at Rs 3,700 per sq.ft.

Guideline values in Urapakkam

Currently, there are no specific guideline values provided for other streets in Urapakkam. The guideline value for Magica Phase - I stands at Rs 3,700 per sq.ft, and no additional streets have been detailed in the available data.

Stamp duty and registration fee for property in Magica Phase - I

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000. Together, the total cost for these fees would be Rs 3,33,000. It is important to 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 Magica Phase - I?

The Magica Phase - I property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the authorities will assess the guideline value or the sale price, whichever is higher, to calculate the applicable duties. This ensures that the transaction is recorded accurately and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Magica Phase - I?

The current guideline value of Magica Phase - I is Rs 3,700 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 3,700 per sq.ft from the 2017 revision to the 2023 revision, showing no change during this period.

Are there any guideline values available for previous years?

No figures are available for the revisions in the years 2002, 2003, 2007, 2012, and 2024 for Magica Phase - I. The only revisions with figures are from 2017 and 2023.

What are the stamp duty and registration fees for properties in Magica Phase - I?

For a property valued at Rs 37,00,000, the stamp duty would be Rs 2,59,000 and the registration fee would be Rs 74,000, totaling Rs 3,33,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Magica Phase - I located?

The Gooduvancheri Sub Registrar Office, which covers Magica Phase - I, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.