Guideline Value for MTC NAGAR PHASE I

Mtc Nagar Phase I guideline value

The current guideline value of Mtc Nagar Phase I, located in Nedungal village under the Acchirapakkam SRO, is Rs 105 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Mtc Nagar Phase I has changed

The guideline value register for Mtc Nagar Phase I has undergone several revisions over the years. The earliest revisions from 2002, 2003, 2007, 2012, and 2017 have no figures listed for this street. The 2023 revision maintained the guideline value at Rs 105 per sq.ft, and the same value was retained in the 2024 revision, indicating no change between these two years.

In summary, the guideline value for Mtc Nagar Phase I has remained consistent at Rs 105 per sq.ft during the 2023 and 2024 revisions. This stability reflects the median value of the five streets in Nedungal that have a 2024 figure, which ranges from Rs 103 to Rs 115 per sq.ft.

Guideline values in Nedungal

Nedungal village features a range of guideline values across its streets. Mtc Nagar Phase I's 2024 guideline value aligns with the median of Rs 105 per sq.ft for the area. Here are the guideline values for other streets in Nedungal:

• Mtc Nagar Phase -4: Rs 103 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 I

For a property in Mtc Nagar Phase I, consider a 1,000 sq.ft plot at the current guideline value of Rs 1,05,000. The stamp duty at 7% would be Rs 7,350, and the registration fee at 2% would amount to Rs 2,100, leading to a total of Rs 9,450. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mtc Nagar Phase I?

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

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

The guideline value is an essential factor in the registration process when buying or selling property in Nedungal. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value that is recognized by the authorities.

Frequently asked questions

What is the current guideline value of Mtc Nagar Phase I?

The current guideline value of Mtc Nagar Phase I is Rs 105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mtc Nagar Phase I has remained at Rs 105 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Mtc Nagar Phase I?

The land classification for Mtc Nagar Phase I is Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Mtc Nagar Phase I?

The Acchirapakkam Sub Registrar Office covers Mtc Nagar Phase I, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mtc Nagar Phase I?

Stamp duty for properties in Mtc Nagar Phase I is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.