Guideline Value for Mahathma Ganthi Nagar

Mahathma Ganthi Nagar guideline value

The current guideline value of Mahathma Ganthi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This village falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Mahathma Ganthi Nagar has changed

The guideline value for Mahathma Ganthi Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which remained unchanged at Rs 1,200 per sq.ft in the 2023 revision. The current 2024 revision also maintains this value of Rs 1,200 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, reflecting a consistent valuation in recent years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Mahathma Ganthi Nagar's 2024 figure above this median.

• Mahendra Nagar: Rs 1,000 per sq.ft (2024)
• Manavala Mamuni Koil Lane: Rs 1,100 per sq.ft (2024)
• Manavala Mamuni Koil Street: Rs 1,100 per sq.ft (2024)
• Le Waterina Resorts: Rs 800 per sq.ft (2024)
• Lancor: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Mahathma Ganthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total cost to Rs 1,08,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Mahathma Ganthi Nagar?

The Sub Registrar Office that covers Mahathma Ganthi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees applicable to the property, ensuring compliance with the local regulations.

When buying or selling property, the guideline value is referenced to ascertain the official value of the property for legal and financial purposes. This ensures that both buyers and sellers are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Mahathma Ganthi Nagar?

The current guideline value of Mahathma Ganthi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to 2023.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft, with Mahathma Ganthi Nagar's value being above this median.

What are the stamp duty and registration fees for Mahathma Ganthi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total cost would be Rs 1,08,000.

Where is the Sub Registrar Office for Mahathma Ganthi Nagar located?

The Sub Registrar Office for Mahathma Ganthi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.