Guideline Value for MUMOORTHI NAGAR

Mumoorthi Nagar guideline value

The current guideline value of Mumoorthi Nagar is Rs 134 per sq.ft, effective from 1 July 2024. This area is located in Perunagar village and falls under the Uthiramerur SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Mumoorthi Nagar has changed

In the 2023 revision, the guideline value for Mumoorthi Nagar was Rs 134 per sq.ft, which remains unchanged in the 2024 revision. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, from 2023 to 2024, there was a change of +0%. The guideline value has consistently remained at Rs 134 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Perunagar

In Perunagar, there are 7 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 134 to Rs 600 per sq.ft. The median value for these streets is Rs 201 per sq.ft, placing Mumoorthi Nagar's 2024 figure below that median.

• Rds Nagar: Rs 150 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar Phase II: Rs 300 per sq.ft (2024)
• Sri Panduranga Nagar: Rs 201 per sq.ft (2024)
• Sri Ramaanchaneyar Nagar: Rs 134 per sq.ft (2024)
• Blm World City: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mumoorthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 134 per sq.ft, the guideline value would be Rs 1,34,000. The stamp duty at 7% would amount to Rs 9,380, and the registration fee at 2% would be Rs 2,680, totaling Rs 12,060. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mumoorthi Nagar?

The Sub Registrar Office that covers Mumoorthi Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential figure used during the registration of property transactions in Perunagar. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

When buying or selling property, the guideline value helps in establishing a fair valuation for the property, which is crucial for both buyers and sellers during the registration process. It is important to be aware of the current guideline value to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Mumoorthi Nagar?

The current guideline value of Mumoorthi Nagar is Rs 134 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 134 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Perunagar?

The median guideline value for streets in Perunagar is Rs 201 per sq.ft, with Mumoorthi Nagar's value being below this median.

What are the stamp duty and registration fees for Mumoorthi Nagar?

The total stamp duty and registration fees for a 1,000 sq.ft plot in Mumoorthi Nagar would amount to Rs 12,060, based on the current guideline value.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.