Guideline Value for MTC NAGAR

Mtc Nagar guideline value

The current guideline value of Mtc Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Mtc Nagar has changed

In the 2023 revision, the guideline value for Mtc Nagar was set at Rs 1,500 per sq.ft. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002 in the register for this street, indicating that no changes have been recorded in those years.

Since the 2023 revision, there have been no changes in the guideline value. The previous revisions did not provide any figures for Mtc Nagar, confirming the stability of the guideline value at Rs 1,500 per sq.ft since its last update.

Guideline values in Thaiyur-A

No specific village figures are available for Thaiyur-A. Mtc Nagar is one of the streets in this area, and there are currently no other streets in Thaiyur-A under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Mtc Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mtc Nagar?

The Mtc Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Thaiyur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration of property transactions.

When you engage in a property transaction, the guideline value is assessed to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Mtc Nagar?

The current guideline value of Mtc Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

What land classification does Mtc Nagar fall under?

Mtc Nagar is classified as Residential Class II Type - III, indicating its designated use for residential purposes.

Have there been any changes in the guideline value for Mtc Nagar?

There have been no changes in the guideline value for Mtc Nagar since the 2023 revision, and previous revisions do not have figures available for this street.

How is the stamp duty calculated for property in Mtc Nagar?

Stamp duty for property in Mtc Nagar is calculated at 7% of 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 1,05,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles registrations for properties in Mtc Nagar.