Guideline Value for MGR NAGAR 100/1

Mgr Nagar 100/1 guideline value

The current guideline value for Mgr Nagar 100/1 is Rs 878 per sq.ft, effective from 1 July 2024. This property is located in Chembarambakkam village and falls under the Poonamallee SRO. The land classification for this area is Residential Class I Type - V.

How the guideline value of Mgr Nagar 100/1 has changed

According to the guideline value register, there are no figures available for Mgr Nagar 100/1 for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only revision with a current figure is from 2024, which is Rs 878 per sq.ft.

Since there are no previous figures for this street in the register, the current guideline value remains unchanged from the 2024 revision. Thus, no changes have been noted between the revisions.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Mgr Nagar 100/1 is below this median.

• M.G.R Nagar: Rs 1,100 per sq.ft (2024)
• Mithila: Rs 3,960 per sq.ft (2024)
• Manikandan Nagar: Rs 1,100 per sq.ft (2024)
• Lime Light: Rs 2,300 per sq.ft (2024)
• Lakshmipuram Annex: Rs 1,100 per sq.ft (2024)
• Nedunchalai: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Mgr Nagar 100/1

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value amounts to Rs 8,78,000. The stamp duty at 7% would be Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total to Rs 79,020. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mgr Nagar 100/1?

The Sub Registrar Office that covers Mgr Nagar 100/1 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chembarambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Mgr Nagar 100/1?

The current guideline value for Mgr Nagar 100/1 is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Mgr Nagar 100/1 in the years 2023, 2017, 2012, 2007, 2003, and 2002. The only revision with a current figure is from 2024, which is Rs 878 per sq.ft.

What is the land classification for Mgr Nagar 100/1?

The land classification for Mgr Nagar 100/1 is Residential Class I Type - V.

What are the guideline values for other streets in Chembarambakkam?

Other streets in Chembarambakkam have varying guideline values, with rates ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more details about the office through the relevant links.