Guideline Value for MOTHI NAGAR

Mothi Nagar guideline value

The current guideline value of Mothi Nagar, located in Gunippalaiyam village under the Oothukkottai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Mothi Nagar has changed

The guideline value for Mothi Nagar has seen several revisions over the years. In 2012, the value was Rs 75 per sq.ft, which increased to Rs 50 per sq.ft in 2017. Following this, the value jumped to Rs 100 per sq.ft in 2023 and remained the same in 2024, indicating a 100% increase from 2017 to 2023, and no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Gunippalaiyam

In Gunippalaiyam, there are 11 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Mothi Nagar's 2024 figure aligns with this median.

• Mothinagar Annex: Rs 100 per sq.ft (2024)
• Mayur Garden Phas-III: Rs 100 per sq.ft (2024)
• Mayur Gardenphase-1: Rs 100 per sq.ft (2024)
• Mayur Garden: Rs 100 per sq.ft (2024)
• Sri Bavani Amman Nagar: Rs 100 per sq.ft (2024)
• Sri Muthu Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Mothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mothi Nagar?

Mothi Nagar falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Gunippalaiyam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mothi Nagar?

The current guideline value of Mothi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Gunippalaiyam with the same guideline value?

Other streets in Gunippalaiyam also have a guideline value of Rs 100 per sq.ft in 2024, including Mothinagar Annex, Mayur Garden Phas-III, and Sri Bavani Amman Nagar, among others.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the stamp duty calculated in Mothi Nagar?

Stamp duty in Mothi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.