Guideline Value for MG Nagar Anjukammal Street

MG Nagar Anjukammal Street guideline value

The current guideline value of MG Nagar Anjukammal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village and falls under the Adayar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of MG Nagar Anjukammal Street has changed

The guideline value for MG Nagar Anjukammal Street has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a rise of 49%. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a guideline value for 2024, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing MG Nagar Anjukammal Street's 2024 figure below that median.

• MG Nagar Ambethkar Street: Rs 2,800 per sq.ft (2024)
• MG Nagar Anthoniyar Koil Street: Rs 2,200 per sq.ft (2024)
• MG Nagar Akbar Street: Rs 2,800 per sq.ft (2024)
• MG Nagar Jandha Street: Rs 2,200 per sq.ft (2024)
• MG Nagar Kattabomman Street: Rs 2,800 per sq.ft (2024)
• MG Nagar Kennady Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in MG Nagar Anjukammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that 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 MG Nagar Anjukammal Street?

The Adayar Sub Registrar Office covers MG Nagar Anjukammal Street. The office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Tharamani. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be sold. This ensures that all transactions are conducted transparently and fairly, reflecting the value of the property as per the government records.

Frequently asked questions

What is the current guideline value of MG Nagar Anjukammal Street?

The current guideline value of MG Nagar Anjukammal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for MG Nagar Anjukammal Street?

The Adayar Sub Registrar Office handles registrations for MG Nagar Anjukammal Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for MG Nagar Anjukammal Street?

The land classification for MG Nagar Anjukammal Street is Residential Class III Type - I.