Guideline Value for MS NAGAR 47/2A

Ms Nagar 47/2a guideline value

The current guideline value for Ms Nagar 47/2a is Rs 1,100 per sq.ft. This property is located in Agraharam Vada village, under the Poonamallee SRO, and is classified as Mixed Type - II land.

How the guideline value of Ms Nagar 47/2a has changed

According to the guideline value register, there are no figures available for Ms Nagar 47/2a for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,000 per sq.ft, which was then increased to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase.

The current guideline value of Rs 1,100 per sq.ft reflects the latest revision effective from 1 July 2024. This increase indicates a shift in the valuation of properties in this area, aligning with the overall trends observed in the Poonamallee SRO region.

Guideline values in Agraharam Vada

In Agraharam Vada, 17 streets have been assigned a 2024 guideline value ranging from Rs 660 to Rs 1,650 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Ms Nagar 47/2a is above this median, indicating a higher valuation compared to many other streets in the village.

• M.S.Nagar: Rs 1,650 per sq.ft (2024)
• M.S.V Nagar: Rs 1,650 per sq.ft (2024)
• Manickam Nagar Extn: Rs 880 per sq.ft (2024)
• Manickam Nagar: Rs 880 per sq.ft (2024)
• L.K.B Nagar: Rs 880 per sq.ft (2024)
• Lakshmipuram: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ms Nagar 47/2a

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations based on your property's specifics.

Which Sub Registrar Office covers Ms Nagar 47/2a?

The Sub Registrar Office that covers Ms Nagar 47/2a is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Agraharam Vada. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of these values to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Ms Nagar 47/2a?

The current guideline value for Ms Nagar 47/2a is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ms Nagar 47/2a was Rs 1,000 per sq.ft in 2023 and increased to Rs 1,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Ms Nagar 47/2a?

Ms Nagar 47/2a is classified as Mixed Type - II land, which indicates the nature of the property and its permissible uses.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ms Nagar 47/2a is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Agraharam Vada?

Stamp duty for properties in Agraharam Vada is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.