Guideline Value for M.P.NAGAR

M.P.Nagar guideline value

The current guideline value of M.P.Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

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

The guideline value for M.P.Nagar has remained consistent at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, indicating no change between these years. Prior to the 2023 revision, the register has no figure for this street from the revisions in 2017, 2012, 2007, 2003, and 2002.

In summary, the 2024 revision maintains the same rate as the previous year, reflecting stability in the guideline value for this street. The lack of figures in earlier revisions suggests that the current rate has been established recently.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing M.P.Nagar's 2024 figure below this median.

• Mugamadhiyar sandhu: Rs 1,500 per sq.ft (2024)
• Mishin School Street: Rs 1,500 per sq.ft (2024)
• Midhuan Garden: Rs 300 per sq.ft (2024)
• Muththuppillaiyar Koil Street: Rs 1,500 per sq.ft (2024)
• Muthukrishna Avenue: Rs 900 per sq.ft (2024)
• M.G.R. Nagar: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers M.P.Nagar?

The M.P.Nagar area falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of M.P.Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for M.P.Nagar has remained at Rs 700 per sq.ft since the 2023 revision. There are no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, with M.P.Nagar's value being below this median at Rs 700 per sq.ft.

What are the stamp duty and registration fees for M.P.Nagar?

For a property valued at Rs 7,00,000 in M.P.Nagar, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.