Guideline Value for MS RESIDENCY EXTENSION

Ms Residency Extension guideline value

The current guideline value of Ms Residency Extension in Kuthampakkam village is Rs 990 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Residential Class III Type - I.

How the guideline value of Ms Residency Extension has changed

The guideline value for Ms Residency Extension has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 990 per sq.ft, an increase from Rs 900 per sq.ft in the 2023 revision, marking a change of +10%. Prior to 2023, the register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values have progressed from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024. The absence of figures in earlier revisions indicates that there was no established guideline value for Ms Residency Extension for those years.

Guideline values in Kuthampakkam

In Kuthampakkam, there are 19 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,564 per sq.ft. The median guideline value for these streets is Rs 1,642 per sq.ft, placing Ms Residency Extension's 2024 figure below this median.

• Ms Residency: Rs 770 per sq.ft (2024)
• Ms Fortune City: Rs 880 per sq.ft (2024)
• Ms Dream Town Thiru Jayanthinadhar Nagar: Rs 880 per sq.ft (2024)
• Magica: Rs 1,642 per sq.ft (2024)
• Kumaran Highway City: Rs 3,564 per sq.ft (2024)
• Gowri Avenue: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ms Residency Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ms Residency Extension?

The Sub Registrar Office that covers Ms Residency Extension is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kuthampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and seller. The fees are calculated based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ms Residency Extension?

The current guideline value of Ms Residency Extension is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Kuthampakkam?

The median guideline value for the 19 streets in Kuthampakkam is Rs 1,642 per sq.ft. Ms Residency Extension's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Ms Residency Extension?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ms Residency Extension?

The Avadi Sub Registrar Office, which covers Ms Residency Extension, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.