Guideline Value for MTC NAGAR

Mtc Nagar guideline value

The current guideline value of Mtc Nagar, located in Sirupinayoor, Thiruvanthavar, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Salavakkam SRO and is classified as Residential Special Type - II.

How the guideline value of Mtc Nagar has changed

Looking at the historical revisions, the guideline value for Mtc Nagar saw a significant change from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, marking a 50% increase over that period. The 2012 revision also recorded Rs 250 per sq.ft, indicating a decrease of 33% from the previous figure in 2017.

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 remained at Rs 250 per sq.ft, showing no change during this period.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In 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's 2024 figure is above this median.

• Mtc Nagar Phase-2: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total 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, bringing the total cost for these fees to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mtc Nagar?

The Sub Registrar Office that covers Mtc Nagar 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 crucial factor when registering property in Sirupinayoor, Thiruvanthavar, Perungazhi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, as it reflects the standard value of properties in the area. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mtc Nagar?

The current guideline value of Mtc Nagar 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 changes, with a notable increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024. The 2012 figure was also Rs 250 per sq.ft.

What is the registration office for Mtc Nagar?

The registration office for Mtc Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated in Mtc Nagar?

Stamp duty in Mtc Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 17,500.

What other streets have guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi?

Other streets in Sirupinayoor, Thiruvanthavar, Perungazhi include Mtc Nagar Phase-2 at Rs 250 per sq.ft, Mamandur New City and Kuberan Garden at Rs 150 per sq.ft, and Krishna Thulasi at Rs 100 per sq.ft.