Guideline Value for MPS NAGAR

Mps Nagar guideline value

The current guideline value of Mps Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Mps Nagar has changed

The guideline value for Mps Nagar has remained consistent over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 800 per sq.ft, which remained unchanged in the 2024 revision.

Thus, from 2023 to 2024, there was a change of +0%. The only recorded figures for Mps Nagar are from the 2023 and 2024 revisions, both at Rs 800 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 626 per sq.ft, placing Mps Nagar's 2024 figure above that median.

• M.P. City(22/2.22/3): Rs 626 per sq.ft (2024)
• Mullai Street: Rs 626 per sq.ft (2024)
• M.D.M. Nagar: Rs 800 per sq.ft (2024)
• Nanthavanam Street: Rs 626 per sq.ft (2024)
• Narasimhapuram & Extn: Rs 626 per sq.ft (2024)
• Mariannai Street: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Mps Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, resulting in a total of Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Mps Nagar?

The Sub Registrar Office that covers Mps Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kakkalur. It determines the minimum value at which properties can be registered, impacting the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to consider the guideline value as it serves as a benchmark for the transaction, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mps Nagar?

The current guideline value of Mps Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mps Nagar has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kakkalur?

The median guideline value in Kakkalur is Rs 626 per sq.ft, with Mps Nagar's 2024 figure of Rs 800 per sq.ft being above this median.

What are the stamp duty and registration fees for Mps Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mps Nagar?

The Sub Registrar Office covering Mps Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.