Guideline Value for MG Thennavan Street, Poncabriel Nagar

MG Thennavan Street, Poncabriel Nagar guideline value

The current guideline value of MG Thennavan Street, Poncabriel Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of MG Thennavan Street, Poncabriel Nagar has changed

The guideline value for MG Thennavan Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,206 per sq.ft. This was followed by a significant increase to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision shows a further increase to Rs 1,980 per sq.ft, representing a 10% change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing MG Thennavan Street's 2024 figure below this median.

• M.G.R. Street / Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• M.G.R. Street / Sathya Nagar: Rs 1,980 per sq.ft (2024)
• MGR Street, Gandhi Nagar Extn: Rs 1,980 per sq.ft (2024)
• M.G.R. Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• M.G.R.Salai: Rs 1,980 per sq.ft (2024)
• MGR Road, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in MG Thennavan Street, Poncabriel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. 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 Thennavan Street, Poncabriel Nagar?

The Sub Registrar Office that covers MG Thennavan Street, Poncabriel Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of MG Thennavan Street, Poncabriel Nagar?

The current guideline value of MG Thennavan Street, Poncabriel Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What is the land classification of MG Thennavan Street?

MG Thennavan Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in MG Thennavan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at 7%.