Guideline Value for M.T.C. NAGAR (PA)

M.T.C. Nagar (Pa) guideline value

The current guideline value of M.T.C. Nagar (Pa) is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of M.T.C. Nagar (Pa) has changed

The guideline value for M.T.C. Nagar (Pa) has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 603 per sq.ft. The 2023 revision increased this to Rs 900 per sq.ft, and the latest 2024 revision raised it further to Rs 990 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing M.T.C. Nagar (Pa) below this median.

• Mullai Nagar (Kr): Rs 440 per sq.ft (2024)
• Mosqure Street (Ward -17): Rs 660 per sq.ft (2024)
• Murugan Sintigate (Sa): Rs 440 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Muthumari Street (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in M.T.C. Nagar (Pa)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty, charged at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, the total fees would amount to Rs 89,100. 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 precise calculations.

Which Sub Registrar Office covers M.T.C. Nagar (Pa)?

The M.T.C. Nagar (Pa) area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value per sq.ft is considered to ensure that the appropriate fees are calculated. This helps maintain transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value of M.T.C. Nagar (Pa)?

The current guideline value of M.T.C. Nagar (Pa) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the stamp duty rates for properties in M.T.C. Nagar (Pa)?

The stamp duty for properties in M.T.C. Nagar (Pa) is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for M.T.C. Nagar (Pa)?

The Chengleput Joint II Sub Registrar Office handles property registrations for M.T.C. Nagar (Pa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, with M.T.C. Nagar (Pa) being below this median at Rs 990 per sq.ft.