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Guideline Value

Corporate

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

₹990/sq.ft.

The guideline value for M.t.c. Nagar (pa) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on M.t.c. Nagar (pa)

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

The current guideline value for M.T.C. Nagar (Pa) in Sattamangalam village is Rs 990 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is 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 undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and finally, it has risen to Rs 990 per sq.ft in the 2024 revision. Notably, the register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing M.T.C. Nagar (Pa) below this median.

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, calculated at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. 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 the stamp duty and registration fee calculator for accurate calculations based on your property details.

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

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

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

The guideline value plays a crucial role during the registration process of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall costs involved in the transaction. Buyers should be aware that the final amount payable may vary depending on the higher of the guideline value or the sale price.

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 other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Mullai Nagar (Kr) at Rs 440 per sq.ft, Mosqure Street (Ward -17) at Rs 550 per sq.ft, Murugan Sintigate (Sa) at Rs 660 per sq.ft, and two Muthumariamman Koil Streets at Rs 440 and Rs 550 per sq.ft, respectively.

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

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

Where can I find the Sub Registrar Office for M.T.C. Nagar (Pa)?

The Sub Registrar Office for M.T.C. Nagar (Pa) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepurt registration zone.