Guideline Value for MTC NAGAR PHASE -4

Mtc Nagar Phase -4 guideline value

The current guideline value of Mtc Nagar Phase -4 is Rs 103 per sq.ft, effective from 1 July 2024. This property is located in Nedungal village and falls under the Acchirapakkam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Mtc Nagar Phase -4 has changed

The guideline value for Mtc Nagar Phase -4 has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the value was Rs 100 per sq.ft in 2023, which increased to Rs 103 per sq.ft in 2024, marking a change of +3%.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register. The current value of Rs 103 per sq.ft is below the median guideline value of Rs 105 per sq.ft for other streets in Nedungal under the Acchirapakkam SRO.

Guideline values in Nedungal

In Nedungal village, five streets have a guideline value for 2024 ranging from Rs 103 to Rs 115 per sq.ft. Mtc Nagar Phase -4's value is Rs 103 per sq.ft, which is below the median of Rs 105 per sq.ft. The following are the guideline values for other streets in Nedungal:

• Mtc Nagar Phase I: Rs 105 per sq.ft (2024)
• Mtc Nagar: Rs 105 per sq.ft (2024)
• ஐஸ்வர்யம் நகர் பேஸ் -II: Rs 105 per sq.ft (2024)
• மா.போ.க.நகர்: Rs 115 per sq.ft (2024)

Stamp duty and registration fee for property in Mtc Nagar Phase -4

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mtc Nagar Phase -4?

The Sub Registrar Office covering Mtc Nagar Phase -4 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Nedungal, as it determines the base value for calculating stamp duty and registration fees. Buyers and sellers should be aware that the guideline value is set by the government and is subject to periodic revisions.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property according to the established guidelines.

Frequently asked questions

What is the current guideline value of Mtc Nagar Phase -4?

The current guideline value of Mtc Nagar Phase -4 is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024, reflecting a +3% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Nedungal?

The median guideline value for streets in Nedungal is Rs 105 per sq.ft. Mtc Nagar Phase -4's value of Rs 103 per sq.ft is below this median.

What are the stamp duty and registration fees for Mtc Nagar Phase -4?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,270. This includes a stamp duty of Rs 7,210 and a registration fee of Rs 2,060.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.