Guideline Value for M.T.C.NAGAR EXTNSION-I

M.T.C.Nagar Extnsion-I guideline value

The current guideline value for M.T.C.Nagar Extnsion-I is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of M.T.C.Nagar Extnsion-I has changed

The guideline value for M.T.C.Nagar Extnsion-I has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 900 per sq.ft, which was an increase from the previous figure. The 2024 revision further increased this to Rs 990 per sq.ft, marking a change of +10% from the 2023 value.

With the 2024 revision, M.T.C.Nagar Extnsion-I's guideline value is now Rs 990 per sq.ft. This figure reflects the most current valuation and is relevant for property transactions in the area.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that M.T.C.Nagar Extnsion-I's 2024 figure is below this median.

• M.T.C. Nagar (Pa): Rs 990 per sq.ft (2024)
• Mullai Nagar (Kr): Rs 550 per sq.ft (2024)
• Mosqure Street (Ward -17): Rs 660 per sq.ft (2024)
• Murugan Sintigate (Sa): Rs 550 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)

Stamp duty and registration fee for property in M.T.C.Nagar Extnsion-I

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.T.C.Nagar Extnsion-I?

The Chengleput Joint II Sub Registrar Office covers M.T.C.Nagar Extnsion-I. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating prices to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. Understanding the guideline value helps both parties in a transaction to make informed decisions.

Frequently asked questions

What is the current guideline value of M.T.C.Nagar Extnsion-I?

The current guideline value of M.T.C.Nagar Extnsion-I is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for M.T.C.Nagar Extnsion-I was Rs 900 per sq.ft in 2023, and it increased to Rs 990 per sq.ft in 2024, representing a 10% rise. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for M.T.C.Nagar Extnsion-I?

M.T.C.Nagar Extnsion-I is classified as Residential Class I Type - II. This classification is important for understanding the zoning and usage regulations in the area.

Where can I find the Sub Registrar Office for M.T.C.Nagar Extnsion-I?

The Chengleput Joint II Sub Registrar Office, which covers M.T.C.Nagar Extnsion-I, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registration activities for the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 9,90,000 would incur a stamp duty of Rs 69,300 and a registration fee of Rs 19,800.