Guideline Value for MSV NAGAR

Msv Nagar guideline value

The current guideline value of Msv Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Msv Nagar has changed

The guideline value for Msv Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. In the subsequent 2023 revision, the value increased to Rs 400 per sq.ft, marking a significant increase of 49%. The 2024 revision maintained this value at Rs 400 per sq.ft, resulting in no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%.

Guideline values in Anupampattu

Anupampattu village has a total of 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with a median value of Rs 300 per sq.ft. Msv Nagar's 2024 figure of Rs 400 per sq.ft is above this median.

• M R Garden: Rs 300 per sq.ft (2024)
• Meenakshi Amman Nagr: Rs 300 per sq.ft (2024)
• Medthina City: Rs 300 per sq.ft (2024)
• New Balaji Nagar Avenue: Rs 300 per sq.ft (2024)
• Mahaveer Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Msv Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Msv Nagar?

The Msv Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Anupampattu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers and sellers should refer to the latest revisions to understand their responsibilities accurately.

Frequently asked questions

What is the current guideline value of Msv Nagar?

The current guideline value of Msv Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Msv Nagar was Rs 268 per sq.ft in 2017 and increased to Rs 400 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Msv Nagar?

Msv Nagar falls under the Residential Class I Type - I land classification, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Msv Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Msv Nagar located?

The Ponneri Sub Registrar Office, which covers Msv Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.