Guideline Value for M.J.NAGAR

M.J.Nagar guideline value

The current guideline value of M.J.Nagar, located in Thammanur village under the Walajabad SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which classifies the land as Residential Special Type - I.

How the guideline value of M.J.Nagar has changed

The guideline value for M.J.Nagar has remained consistent at Rs 300 per sq.ft since the 2023 revision. The 2024 revision also lists the same figure, indicating no change in the guideline value between these two years.

For the years prior to 2023, the register has no figure for M.J.Nagar in the revisions of 2017, 2012, 2007, 2003, and 2002. Therefore, the only revisions with figures available are for 2023 and 2024, both at Rs 300 per sq.ft.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 448 per sq.ft. The median value among these streets is Rs 300 per sq.ft, which is equal to the guideline value for M.J.Nagar.

• Oragadam Avenue: Rs 200 per sq.ft (2024)
• Kamadhenu Nagar Extension: Rs 448 per sq.ft (2024)
• Jeevan Nagar: Rs 448 per sq.ft (2024)
• Rishi Nagar: Rs 150 per sq.ft (2024)
• Solar Nagar: Rs 300 per sq.ft (2024)
• Dhuvaragai Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in M.J.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.J.Nagar?

The Sub Registrar Office that covers M.J.Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thammanur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of M.J.Nagar?

The current guideline value of M.J.Nagar is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for M.J.Nagar has remained unchanged at Rs 300 per sq.ft from 2023 to 2024. There are no figures available for the revisions prior to 2023.

What is the land classification for M.J.Nagar?

M.J.Nagar is classified as Residential Special Type - I, according to the guideline value register.

What are the stamp duty and registration fees for property in M.J.Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for M.J.Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles all registrations for M.J.Nagar.