Guideline Value for MURTHI NAGAR JEEVA ST

Murthi Nagar Jeeva St guideline value

The current guideline value for Murthi Nagar Jeeva St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Murthi Nagar Jeeva St has changed

The guideline value for Murthi Nagar Jeeva St has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,625 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

When looking at the overall changes, from 2012 to 2024, the guideline value has increased by 35%. The 2023 to 2024 increase was 8%, and from 2017 to 2023, there was a substantial rise of 87%. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are a total of 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which aligns with the guideline value for Murthi Nagar Jeeva St.

• Murthi Nagar Kambar St: Rs 1,625 per sq.ft (2024)
• Murthi Nagar Thiruvika St: Rs 1,625 per sq.ft (2024)
• Murthi Nagar V.O.C.St: Rs 1,625 per sq.ft (2024)
• Murthi Nagr Back Side, M.G.R.St: Rs 1,625 per sq.ft (2024)
• Murthi Nagr, Bharathi St: Rs 1,625 per sq.ft (2024)
• M.R.M.Garden: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Murthi Nagar Jeeva St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, the total cost for these fees would be Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Murthi Nagar Jeeva St?

The Sub Registrar Office that covers Murthi Nagar Jeeva St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property based on its location and classification. It is essential to consider this value during negotiations to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Murthi Nagar Jeeva St?

The current guideline value for Murthi Nagar Jeeva St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Murthi Nagar Jeeva St?

Murthi Nagar Jeeva St is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Where can I find the Sub Registrar Office for Murthi Nagar Jeeva St?

The Avadi Sub Registrar Office covers Murthi Nagar Jeeva St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.