Guideline Value for MUBARAK NAAGR

Mubarak Naagr guideline value

The current guideline value of Mubarak Naagr is Rs 600 per sq.ft, effective from 1 July 2024. This village falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Mubarak Naagr has changed

The guideline value for Mubarak Naagr has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision where it decreased to Rs 402 per sq.ft. Following this, the value increased significantly to Rs 600 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023. Notably, 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 constant at Rs 600 per sq.ft. The 2024 revision shows no change from the previous year, indicating stability in the guideline value for the current period.

Guideline values in Athur A Block

Athur A Block has a total of 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Mubarak Naagr.

• Mountain View: Rs 500 per sq.ft (2024)
• Majestic Avenue Phase-II: Rs 300 per sq.ft (2024)
• Majestic Avenue Phase -I: Rs 300 per sq.ft (2024)
• Krishna Garden: Rs 600 per sq.ft (2024)
• Pristine Avenue: Rs 600 per sq.ft (2024)
• Kannappa Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mubarak Naagr

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mubarak Naagr?

The Sub Registrar Office that covers Mubarak Naagr is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is an important factor in the registration process when buying or selling property in Athur A Block. It serves as a reference for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which can affect the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Mubarak Naagr?

The current guideline value of Mubarak Naagr is Rs 600 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 decrease to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained at Rs 600 per sq.ft.

What are the other streets in Athur A Block?

Other streets in Athur A Block include Mountain View, Majestic Avenue Phase-II, Majestic Avenue Phase -I, Krishna Garden, Pristine Avenue, and Kannappa Nagar, with guideline values ranging from Rs 300 to Rs 600 per sq.ft in 2024.

What is the stamp duty rate for properties in Mubarak Naagr?

The stamp duty rate for properties in Mubarak Naagr is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mubarak Naagr?

The Sub Registrar Office covering Mubarak Naagr is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.