Guideline Value for MGR Nagar Periyar Street

MGR Nagar Periyar Street guideline value

The current guideline value of MGR Nagar Periyar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of MGR Nagar Periyar Street has changed

The guideline value for MGR Nagar Periyar Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,500 per sq.ft. This figure remained the same in the subsequent revision in 2017, but then it dropped to Rs 1,005 per sq.ft. In 2023, the value increased significantly to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The most notable change occurred between 2017 and 2023, where the value rose by 49%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Pulikoradu

Pulikoradu village has 62 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft as of 2024. The median value is Rs 880 per sq.ft, and MGR Nagar Periyar Street's 2024 figure is above this median.

• Mariamman Koil Street: Rs 880 per sq.ft (2024)
• Nadu Theru: Rs 1,650 per sq.ft (2024)
• Nagarathinam street: Rs 1,100 per sq.ft (2024)
• Mahalakshmi Nagar Extension: Rs 880 per sq.ft (2024)
• Kuttakkarai Street: Rs 1,100 per sq.ft (2024)
• Kunzhumedu Pulikoradu: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in MGR Nagar Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Periyar Street?

The Sub Registrar Office that covers MGR Nagar Periyar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is an essential reference point when buying or selling property in Pulikoradu. It is used to determine the stamp duty and registration fees applicable during the registration process, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value helps in establishing a baseline for the transaction price. It is crucial for buyers and sellers to understand that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of MGR Nagar Periyar Street?

The current guideline value of MGR Nagar Periyar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 10%. The most significant change occurred between 2017 and 2023, with a 49% rise.

What is the registration office for MGR Nagar Periyar Street?

The registration office for MGR Nagar Periyar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Pulikoradu?

Stamp duty for properties in Pulikoradu is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.

What are the other streets in Pulikoradu with their guideline values?

Other streets in Pulikoradu have varying guideline values. For instance, Mariamman Koil Street is Rs 880 per sq.ft, while Nadu Theru matches the value of MGR Nagar Periyar Street at Rs 1,650 per sq.ft.