Guideline Value for Mugapper Road

Mugapper Road guideline value

The current guideline value of Mugapper Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Mannurpet village and falls under the Konnur SRO, with a land classification of Mixed Special Type - I.

How the guideline value of Mugapper Road has changed

The guideline value for Mugapper Road has seen significant changes over the years. In 2002, the value was Rs 294 per sq.ft, which increased to Rs 324 in 2003. Following this, the value rose to Rs 800 per sq.ft in 2007, marking a substantial increase of 147%. The next revision in 2012 saw the value remain at Rs 3,000 per sq.ft, but this was a decrease of 33% from the previous figure. The value then increased to Rs 2,010 per sq.ft in 2017, and from 2017 to 2023, it saw a significant rise of 49%, reaching Rs 3,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in the provided data. The overall change from 2002 to 2024 represents an increase of 1,022%.

Guideline values in Mannurpet

Mannurpet village has 38 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft, with the median being Rs 1,300 per sq.ft. Mugapper Road's 2024 guideline value is above this median.

• M.T.H. Road: Rs 5,500 per sq.ft (2024)
• Menambedu Main Road: Rs 2,300 per sq.ft (2024)
• Nehru Nagar: Rs 1,300 per sq.ft (2024)
• Manickam Pillai Street: Rs 1,300 per sq.ft (2024)
• Malaiathamman Koil Street: Rs 1,700 per sq.ft (2024)
• Logappa Naidu Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mugapper Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mugapper Road?

The Sub Registrar Office covering Mugapper Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Mannurpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is registered at a value that reflects the official rates. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mugapper Road?

The current guideline value of Mugapper Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 294 in 2002 to Rs 3,300 in 2024, reflecting an overall increase of 1,022% over the years.

What are the other streets in Mannurpet with their guideline values?

Other streets in Mannurpet with their 2024 guideline values include M.T.H. Road at Rs 5,500 per sq.ft, Menambedu Main Road at Rs 2,300 per sq.ft, and several others listed above.

How is the stamp duty calculated for properties on Mugapper Road?

Stamp duty for properties on Mugapper Road is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 33,00,000.

Where can I find the Sub Registrar Office for Mugapper Road?

The Sub Registrar Office for Mugapper Road is located at the Konnur Sub Registrar Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.