Guideline Value for ML NAGAR

Ml Nagar guideline value

The current guideline value of Ml Nagar is Rs 1,792 per sq.ft. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Ml Nagar has changed

The guideline value for Ml Nagar has undergone significant changes over the years. In the 2017 revision, the guideline value was set at Rs 1,200 per sq.ft. This increased to Rs 1,792 per sq.ft in the 2023 revision, marking a change of +49% from the previous revision.

It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only available figures are from the 2017 and 2023 revisions.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. The Ml Nagar guideline value sits within this context, and there are no other streets in Rathinamangalam under the Gooduvancheri SRO that have been provided.

Stamp duty and registration fee for property in Ml Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,792 per sq.ft, the guideline value totals Rs 17,92,000. The stamp duty at 7% would be Rs 1,25,440, and the registration fee at 2% would be Rs 35,840. Together, the total cost for stamp duty and registration fee would be Rs 1,61,280. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ml Nagar?

The Sub Registrar Office that covers Ml Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Rathinamangalam, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the latest guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the total cost of registration, which includes both the stamp duty and registration fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ml Nagar?

The current guideline value of Ml Nagar is Rs 1,792 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by +49%, rising from Rs 1,200 per sq.ft to Rs 1,792 per sq.ft in 2023.

Are there any guideline values for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for the Ml Nagar street.

What is the stamp duty rate for properties in Ml Nagar?

The stamp duty rate for properties in Ml Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.