Guideline Value for MV GENERATION MGR NAGAR

Mv Generation Mgr Nagar guideline value

The current guideline value for Mv Generation Mgr Nagar is Rs 3,370 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village and falls under the Padappai SRO. The land classification for this street is Mixed Type - III.

How the guideline value of Mv Generation Mgr Nagar has changed

The guideline value for Mv Generation Mgr Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 2,050 per sq.ft. This increased to Rs 3,060 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 3,370 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Mv Generation Mgr Nagar's 2024 guideline value above this median.

• Muthu Murugan Nagar: Rs 990 per sq.ft (2024)
• Naduveerapattu - Tambaram Road: Rs 1,650 per sq.ft (2024)
• Nannilam Nagar: Rs 990 per sq.ft (2024)
• Nano Villa: Rs 1,650 per sq.ft (2024)
• Mullai Nagarr: Rs 990 per sq.ft (2024)
• Mullai Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Mv Generation Mgr Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,370 per sq.ft, the total guideline value would be Rs 33,70,000. The stamp duty at 7% would amount to Rs 2,35,900, and the registration fee at 2% would be Rs 67,400, bringing the total fees to Rs 3,03,300. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mv Generation Mgr Nagar?

The Sub Registrar Office that covers Mv Generation Mgr Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Varadarajapuram, the guideline value is used as a benchmark for calculating stamp duty and registration fees. This value ensures that the government receives the appropriate taxes based on the property's worth.

It is crucial for buyers and sellers to be aware of the guideline value as it directly affects the financial obligations during the registration process. Accurate knowledge of these values can help in better financial planning and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Mv Generation Mgr Nagar?

The current guideline value of Mv Generation Mgr Nagar is Rs 3,370 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,050 per sq.ft in 2017 to Rs 3,370 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the other streets in Varadarajapuram and their guideline values?

Other streets in Varadarajapuram include Muthu Murugan Nagar at Rs 990 per sq.ft, Naduveerapattu - Tambaram Road at Rs 1,650 per sq.ft, and several more, with values ranging from Rs 990 to Rs 1,650 per sq.ft in 2024.

What is the registration fee for property in Mv Generation Mgr Nagar?

The registration fee for property in Mv Generation Mgr Nagar is calculated based on the guideline value. For a plot of 1,000 sq.ft at the current rate, the registration fee would be Rs 67,400.

Where can I find the Sub Registrar Office for Mv Generation Mgr Nagar?

The Sub Registrar Office for Mv Generation Mgr Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.