Guideline Value for MOTHER TERESA NAGAR

Mother Teresa Nagar guideline value

The current guideline value of Mother Teresa Nagar, located in Kanthoor village, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Mixed Type - III land.

How the guideline value of Mother Teresa Nagar has changed

The register for Mother Teresa Nagar shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 500 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years, with a percentage change of +0% from 2023 to 2024.

As of the 2024 revision, the guideline value remains consistent at Rs 500 per sq.ft, reflecting stability in this specific area. The absence of figures for earlier revisions suggests that there was no recorded guideline value for this street in those years.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 181 per sq.ft, placing Mother Teresa Nagar's 2024 figure above this median.

• Mettu Street: Rs 150 per sq.ft (2024)
• Marutham Nagar: Rs 700 per sq.ft (2024)
• Padavettamman Kovil Street: Rs 150 per sq.ft (2024)
• Kottaikara Street: Rs 150 per sq.ft (2024)
• Periya Street: Rs 150 per sq.ft (2024)
• Kavana Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Mother Teresa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Mother Teresa Nagar?

The Sub Registrar Office that covers Mother Teresa Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kanthoor, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When purchasing property, the guideline value serves as a benchmark for assessing the value of the property being sold. It helps in establishing a fair price for both parties and ensures that the appropriate taxes are paid to the government during the registration process.

Frequently asked questions

What is the current guideline value of Mother Teresa Nagar?

The current guideline value of Mother Teresa Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mother Teresa Nagar has remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Mother Teresa Nagar?

Mother Teresa Nagar is classified as Mixed Type - III land under the Sunguvarchattram SRO.

Where can I find the Sub Registrar Office for Mother Teresa Nagar?

The Sub Registrar Office for Mother Teresa Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mother Teresa Nagar?

Stamp duty for properties in Mother Teresa Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft would incur a total stamp duty of Rs 35,000.