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

Looking at the revisions, there are no figures available for Mtc Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2024. The most recent revision in 2023 set the guideline value at Rs 1,500 per sq.ft, which remains unchanged from previous years.

Since the 2023 revision, there have been no changes to the guideline value for Mtc Nagar. The register indicates a consistent value of Rs 1,500 per sq.ft for this area.

Guideline values in Thaiyur - B

No specific village figures are provided for Thaiyur - B. Mtc Nagar is included in this locality, and there are no other streets in Thaiyur - B listed under the Thiruporur SRO.

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, bringing the total to Rs 1,35,000. It's important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mtc Nagar?

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

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

When buying or selling property in Thaiyur - B, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

This guideline value is also used to assess the market value of properties in the area, providing a standard reference point for both buyers and sellers during property transactions. It is essential for all parties involved to be aware of the current guideline value to ensure compliance with legal requirements during registration.

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.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Mtc Nagar since the 2023 revision, which set the value at Rs 1,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2024.

What is the land classification of Mtc Nagar?

Mtc Nagar is classified as Residential Class II Type - III, indicating its designation for residential use within the area.

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 all registrations for properties in Mtc Nagar.

How is stamp duty calculated for property in Mtc Nagar?

Stamp duty for property in Mtc Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,35,000.