Guideline Value for m.p.Nagar.

m.p.Nagar. guideline value

The current guideline value of m.p.Nagar. is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Orakadamagadevimangalam village under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of m.p.Nagar. has changed

The guideline value for m.p.Nagar. has undergone several revisions over the years. In the 2017 revision, the value was Rs 100 per sq.ft, which remained unchanged in the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 103 per sq.ft, marking a 3% rise from the previous year.

Looking back further, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 3% in the guideline value.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, there are 12 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 300 per sq.ft. The median value is Rs 103 per sq.ft, which is equal to the current guideline value of m.p.Nagar.

• R.M.K.Nandhavanam: Rs 103 per sq.ft (2024)
• Santhi Sri Nagar: Rs 300 per sq.ft (2024)
• Sathya Nagar: Rs 103 per sq.ft (2024)
• Sri Krishna Nagar: Rs 103 per sq.ft (2024)
• Srinivasa Avenue: Rs 103 per sq.ft (2024)
• Sri Sai Nagar: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in m.p.Nagar.

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total to Rs 9,270. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers m.p.Nagar.?

The Sub Registrar Office that covers m.p.Nagar. is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Orakadamagadevimangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property sale or purchase.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in calculating the necessary fees and ensures compliance with local regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of m.p.Nagar.?

The current guideline value of m.p.Nagar. is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2017 to 2023, and then increased to Rs 103 per sq.ft in 2024, marking a total increase of 3% since 2017.

What is the land classification for m.p.Nagar.?

m.p.Nagar. is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for property in m.p.Nagar.?

Stamp duty 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 guideline value would incur a stamp duty of Rs 7,210.

Where is the Sub Registrar Office for m.p.Nagar. located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.