Guideline Value for MTC NAGAR

Mtc Nagar guideline value

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

How the guideline value of Mtc Nagar has changed

The guideline value for Mtc Nagar has remained consistent in recent revisions. The 2023 revision recorded a guideline value of Rs 105 per sq.ft, which is the same as the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2023 revision to the 2024 revision, there has been a change of +0%. This indicates that the guideline value has not fluctuated during this period, maintaining stability at Rs 105 per sq.ft.

Guideline values in Nedungal

Nedungal village has five streets under the Acchirapakkam SRO that carry a 2024 guideline value. The median guideline value for these streets is Rs 105 per sq.ft, which is equal to the guideline value of Mtc Nagar. The other streets in Nedungal have the following guideline values:

• Mtc Nagar Phase -4: Rs 103 per sq.ft (2024)
• Mtc Nagar Phase I: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 105 per sq.ft, the total guideline value amounts to Rs 1,05,000. The stamp duty at 7% would be Rs 7,350, and the registration fee at 2% would be Rs 2,100, leading to a total of Rs 9,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mtc Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nedungal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mtc Nagar?

The current guideline value of Mtc Nagar is Rs 105 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mtc Nagar has remained stable at Rs 105 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Nedungal?

The median guideline value for the streets in Nedungal is Rs 105 per sq.ft, which is the same as the guideline value for Mtc Nagar.

What are the stamp duty and registration fees for properties in Mtc Nagar?

The stamp duty is charged at 7%, and the registration fee is charged at 2%. For a property valued at Rs 1,05,000, the total cost for stamp duty and registration would be Rs 9,450.

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

The Sub Registrar Office for Mtc Nagar is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can also find your SRO online.