Guideline Value for MTC NAGAR PHASE-2

Mtc Nagar Phase-2 guideline value

The current guideline value of Mtc Nagar Phase-2 is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in the village of Sirupinayoor,Thiruvanthavar,Perungazhi and falls under the Salavakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Mtc Nagar Phase-2 has changed

Over the years, the guideline value of Mtc Nagar Phase-2 has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the previous figure. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was an increase of 50%, bringing the value back to Rs 250 per sq.ft. The most recent revision in 2024 has maintained this value, showing no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained at Rs 250 per sq.ft.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In the village of Sirupinayoor,Thiruvanthavar,Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft, with a median value of Rs 150 per sq.ft. Mtc Nagar Phase-2's 2024 figure of Rs 250 per sq.ft is above this median.

• Mtc Nagar: Rs 250 per sq.ft (2024)
• Mamandur New City: Rs 150 per sq.ft (2024)
• Kuberan Garden: Rs 150 per sq.ft (2024)
• Krishna Thulasi: Rs 100 per sq.ft (2024)
• Krishna Nagar (A) Anna Nagar: Rs 150 per sq.ft (2024)
• Krishna Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Mtc Nagar Phase-2

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mtc Nagar Phase-2?

The Sub Registrar Office that covers Mtc Nagar Phase-2 is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a critical factor in property transactions in Sirupinayoor,Thiruvanthavar,Perungazhi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value to avoid disputes during the registration process. The guideline value reflects the prevailing market conditions and is updated periodically to ensure it remains relevant.

Frequently asked questions

What is the current guideline value of Mtc Nagar Phase-2?

The current guideline value of Mtc Nagar Phase-2 is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012, showing fluctuations over the years.

What is the land classification for Mtc Nagar Phase-2?

The land classification for Mtc Nagar Phase-2 is Residential Special Type - II, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for Mtc Nagar Phase-2 located?

The Sub Registrar Office covering Mtc Nagar Phase-2 is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mtc Nagar Phase-2?

Stamp duty for properties in Mtc Nagar Phase-2 is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a total duty and registration fee of Rs 22,500.