Guideline Value for MOTHINAGAR ANNEX

Mothinagar Annex guideline value

The current guideline value of Mothinagar Annex is Rs 100 per sq.ft. It is located in Gunippalaiyam village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mothinagar Annex has changed

The guideline value for Mothinagar Annex has undergone several revisions over the years. The 2017 revision set the value at Rs 50 per sq.ft, which was then increased to Rs 100 per sq.ft in the 2023 revision. The latest revision in 2024 maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a 100% increase in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 100% as well. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median value for these streets is also Rs 100 per sq.ft, making Mothinagar Annex's 2024 figure equal to that median.

• Mothi Nagar: 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 Mothinagar Annex

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 fees to Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mothinagar Annex?

The Mothinagar Annex area is covered by 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 crucial factor in the property registration process in Gunippalaiyam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during a property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is registered at a fair value, which is essential for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mothinagar Annex?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remained the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for property in Mothinagar Annex?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Mothinagar Annex?

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

What is the land classification for Mothinagar Annex?

The land classification for Mothinagar Annex is Residential Class I Type - I, which indicates its suitability for residential purposes.