Guideline Value for MIDHUAN GARDEN

Midhuan Garden guideline value

The current guideline value of Midhuan Garden is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, which falls under the Uthiramerur SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Midhuan Garden has changed

The guideline value for Midhuan Garden has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 201 per sq.ft. This was followed by a significant increase to Rs 300 per sq.ft in the 2023 revision, which has been maintained in the 2024 revision, showing no change from the previous year.

From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, there was a notable increase of 49%. Overall, the guideline value from 2012 to 2024 has remained stable with a 0% change, indicating that the value has not fluctuated significantly over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry 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 Midhuan Garden's 2024 figure below this median.

• Mishin School Street: Rs 1,500 per sq.ft (2024)
• M.G.R. Nagar: Rs 700 per sq.ft (2024)
• Mettu Street: Rs 1,000 per sq.ft (2024)
• M.P.Nagar: Rs 700 per sq.ft (2024)
• Mettu Kalani: Rs 700 per sq.ft (2024)
• Mugamadhiyar sandhu: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Midhuan Garden

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Midhuan Garden?

The Sub Registrar Office covering Midhuan Garden is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It determines the minimum value at which the property can be registered, ensuring that all transactions are recorded at a fair value.

When you approach the registration office, the guideline value will be used to calculate the stamp duty and registration fees, which are mandatory for completing the property transaction. This ensures transparency and compliance with the legal requirements of property transfers.

Frequently asked questions

What is the current guideline value of Midhuan Garden?

The current guideline value of Midhuan Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes showing a stable value of Rs 300 per sq.ft from 2023 to 2024, and a significant increase of 49% from 2017 to 2023.

What is the land classification for Midhuan Garden?

The land classification for Midhuan Garden is Residential Class IV Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Midhuan Garden?

The stamp duty is charged at 7%, and the registration fee is at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 27,000.

Where is the Sub Registrar Office for Midhuan Garden located?

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