Guideline Value for MGR SALAI (WARD -6)

Mgr Salai (Ward -6) guideline value

The current guideline value of Mgr Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Mgr Salai (Ward -6) has changed

The guideline value for Mgr Salai has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,000 per sq.ft. The most recent revision in 2024 has further increased this to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, making the 2024 figure for Mgr Salai (Ward -6) above that median.

• Mettu Street (Ward -2): Rs 550 per sq.ft (2024)
• Mettu Street (Ward -19): Rs 550 per sq.ft (2024)
• Mettu Street (Ward -15): Rs 550 per sq.ft (2024)
• Mosqure Street (Ward -17): Rs 660 per sq.ft (2024)
• Meenakshi Sundaranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• M.T.C.Nagar Extnsion-I: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Mgr Salai (Ward -6)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mgr Salai (Ward -6)?

The Sub Registrar Office covering Mgr Salai (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

Frequently asked questions

What is the current guideline value of Mgr Salai (Ward -6)?

The current guideline value of Mgr Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Mgr Salai (Ward -6)?

The land classification for Mgr Salai (Ward -6) is Residential Special Type - I.

What are the stamp duty and registration fees for property in Mgr Salai (Ward -6)?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Mgr Salai (Ward -6)?

The Sub Registrar Office for Mgr Salai (Ward -6) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.