Guideline Value for MURUGADOSS NAGAR

Murugadoss Nagar guideline value

The current guideline value of Murugadoss Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Murugadoss Nagar has changed

The guideline value of Murugadoss Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision has also maintained the value at Rs 1,000 per sq.ft, resulting in an overall increase of 49% from the 2017 figure.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 1,000 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street in the register.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median being Rs 1,000 per sq.ft. The guideline value for Murugadoss Nagar is equal to this median.

• Murugathal Nagar: Rs 1,000 per sq.ft (2024)
• Muthammal Nagar: Rs 1,493 per sq.ft (2024)
• Muthumari Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Moorthi Nagar: Rs 1,000 per sq.ft (2024)
• Nanjil Nagar-I,II: Rs 1,000 per sq.ft (2024)
• M.G. Nagar-XVII: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Murugadoss Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Murugadoss Nagar?

The Sub Registrar Office that covers Murugadoss Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to 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 based on the property's value.

Frequently asked questions

What is the current guideline value of Murugadoss Nagar?

The current guideline value of Murugadoss Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, marking a 49% increase overall. There has been no change from 2023 to 2024.

What is the land classification for Murugadoss Nagar?

The land classification for Murugadoss Nagar is Residential Special Type - I.

Where can I find the registration office for Murugadoss Nagar?

The registration office for Murugadoss Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Murugadoss Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7% and a registration fee of Rs 20,000 at 2%.