Guideline Value for MULLAI NAGAR

Mullai Nagar guideline value

The current guideline value of Mullai Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Pazhamathoor village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Mullai Nagar has changed

The guideline value for Mullai Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, set at Rs 400 per sq.ft. In 2017, it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, this figure was revised to Rs 400 per sq.ft in 2023, maintaining the same value in 2024, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 400 per sq.ft.

Guideline values in Pazhamathoor

In Pazhamathoor village, there are seven streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 400 per sq.ft. Mullai Nagar's 2024 figure of Rs 400 per sq.ft is equal to the median value of these streets.

• Neithal Nagar: Rs 400 per sq.ft (2024)
• Marutham Nagar: Rs 400 per sq.ft (2024)
• Kurinjinagar Ext: Rs 400 per sq.ft (2024)
• Kurinjinagar: Rs 400 per sq.ft (2024)
• Sai Ram Nagar: Rs 250 per sq.ft (2024)
• Askar Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Mullai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mullai Nagar?

The Sub Registrar Office that covers Mullai Nagar 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pazhamathoor. It determines the minimum value at which the property can be registered and affects the calculation of stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Mullai Nagar?

The current guideline value of Mullai Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 268 per sq.ft in 2017. There are no recorded figures for the years 2002, 2003, and 2007.

What are the other streets in Pazhamathoor with similar guideline values?

Other streets in Pazhamathoor under the Chengleput Joint II SRO include Neithal Nagar, Marutham Nagar, Kurinjinagar Ext, Kurinjinagar, and Askar Avenue, all with a guideline value of Rs 400 per sq.ft, while Sai Ram Nagar has a value of Rs 250 per sq.ft.

How is stamp duty calculated in Mullai Nagar?

Stamp duty in Mullai 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 Rs 400 per sq.ft incurs a stamp duty of Rs 28,000.

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

The Chengleput Joint II Sub Registrar Office covers Mullai Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.