Guideline Value for MCB GREEN FIELD PHASE - I

Mcb Green Field Phase - I guideline value

The current guideline value of Mcb Green Field Phase - I is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Nedunkumdram village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - III.

How the guideline value of Mcb Green Field Phase - I has changed

The guideline value for Mcb Green Field Phase - I has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This was followed by a significant increase to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current value of Mcb Green Field Phase - I below that median.

• Mcb Green Field Phase - II: Rs 1,320 per sq.ft (2024)
• Mega Nagar: Rs 2,750 per sq.ft (2024)
• New Town: Rs 1,440 per sq.ft (2024)
• Ngo Nagar: Rs 1,430 per sq.ft (2024)
• Ngo Nagar Phase I: Rs 1,430 per sq.ft (2024)
• Ngo Nagar Phase I Annex: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Mcb Green Field Phase - I

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mcb Green Field Phase - I?

The Mcb Green Field Phase - I is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nedunkumdram. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the registration of property transactions.

Frequently asked questions

What is the current guideline value for Mcb Green Field Phase - I?

The current guideline value for Mcb Green Field Phase - I is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, representing an overall increase of 64%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for Mcb Green Field Phase - I?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Mcb Green Field Phase - I, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Mcb Green Field Phase - I?

The land classification for Mcb Green Field Phase - I is Residential Special Type - III, indicating its designated use for residential purposes.