Guideline Value for MGM MODERN CITY PHASE III

Mgm Modern City Phase III guideline value

The current guideline value for Mgm Modern City Phase III is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Asthinapuram village, under the Thiruporur SRO, and is classified as Mixed Type - I land.

How the guideline value of Mgm Modern City Phase III has changed

The guideline value for Mgm Modern City Phase III has remained unchanged at Rs 1,100 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change. Prior to 2023, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value is Rs 1,100 per sq.ft, the same as it was in 2023. This consistency reflects stability in the guideline values for this property over the recent years.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 3,300 per sq.ft, with a median value of Rs 1,614 per sq.ft. The guideline value for Mgm Modern City Phase III is below this median.

• R.M. Nagar Phase I: Rs 600 per sq.ft (2024)
• Rr Platinum City: Rs 1,200 per sq.ft (2024)
• Serasa Land Mark Phase I: Rs 2,687 per sq.ft (2024)
• Serasa Land Mark Phase II: Rs 2,687 per sq.ft (2024)
• Dream Villa Garden Phase-VI: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Phase V: Rs 1,941 per sq.ft (2024)

Stamp duty and registration fee for property in Mgm Modern City Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It's important to note that the stamp 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 Mgm Modern City Phase III?

The Sub Registrar Office that covers Mgm Modern City Phase III is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Asthinapuram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is documented at a fair value. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Mgm Modern City Phase III?

The current guideline value for Mgm Modern City Phase III is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mgm Modern City Phase III has remained at Rs 1,100 per sq.ft from 2023 to 2024, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Asthinapuram?

Other streets in Asthinapuram have guideline values ranging from Rs 600 to Rs 3,300 per sq.ft, with the median being Rs 1,614 per sq.ft.

What fees are associated with buying property in Mgm Modern City Phase III?

When buying property in Mgm Modern City Phase III, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 99,000.

Where can I find the Sub Registrar Office for Mgm Modern City Phase III?

The Sub Registrar Office for Mgm Modern City Phase III is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.