Guideline Value for MGM THIYAGARAJAPURAM STAGE -IV

Mgm Thiyagarajapuram Stage -IV guideline value

The current guideline value for Mgm Thiyagarajapuram Stage -IV is Rs 660 per sq.ft. This area is located in Thirukkachur - 1 village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Mgm Thiyagarajapuram Stage -IV has changed

The guideline value for Mgm Thiyagarajapuram Stage -IV has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 600 per sq.ft, which was then increased by 10% to Rs 660 per sq.ft in the 2024 revision, effective from 1 July 2024.

Prior to the 2023 revision, the guideline value was not recorded for this street in the register. The increase from Rs 600 to Rs 660 reflects the adjustments made in the latest revision, aligning it with the median value of Rs 660 per sq.ft for the village.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. Mgm Thiyagarajapuram Stage -IV's current value of Rs 660 per sq.ft is equal to the median value for the village.

• Mg M Thiagarajapuram Phase -3: Rs 660 per sq.ft (2024)
• Melroasapuram: Rs 660 per sq.ft (2024)
• Marundeeswarar Avenue: Rs 590 per sq.ft (2024)
• Malai Koil Street: Rs 550 per sq.ft (2024)
• Nanu Nagar: Rs 385 per sq.ft (2024)
• Nanu Nagar Part-I: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Mgm Thiyagarajapuram Stage -IV

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400 in fees. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mgm Thiyagarajapuram Stage -IV?

The Sub Registrar Office that covers Mgm Thiyagarajapuram Stage -IV is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role in the registration process of property transactions in Thirukkachur - 1. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of these values to understand the costs involved in their transactions.

Frequently asked questions

What is the current guideline value for Mgm Thiyagarajapuram Stage -IV?

The current guideline value for Mgm Thiyagarajapuram Stage -IV is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mgm Thiyagarajapuram Stage -IV has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this area?

The land classification for Mgm Thiyagarajapuram Stage -IV is Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 and a registration fee of Rs 13,200.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.