Guideline Value for MURUGAN SINTIGATE (SA)

Murugan Sintigate (Sa) guideline value

The current guideline value of Murugan Sintigate (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Murugan Sintigate (Sa) has changed

The guideline value for Murugan Sintigate (Sa) has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then rose again to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Murugan Sintigate (Sa) below this median.

• Muthumariamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Mullai Nagar (Kr): Rs 440 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Muthu Nagar Kattankilathur (Ward -17): Rs 660 per sq.ft (2024)
• Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Murugan Sintigate (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total cost for stamp duty and registration fees to Rs 39,600. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Murugan Sintigate (Sa)?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and transparently. It serves as a benchmark for property transactions in the area, providing a standardized value for various properties.

Frequently asked questions

What is the current guideline value of Murugan Sintigate (Sa)?

The current guideline value of Murugan Sintigate (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Murugan Sintigate (Sa)?

The land classification for Murugan Sintigate (Sa) is Residential Class II Type - II.

What are the stamp duty and registration fees for property in Murugan Sintigate (Sa)?

For a 1,000 sq.ft plot at the current guideline value, the total cost for stamp duty and registration fees would be Rs 39,600, based on a guideline value of Rs 4,40,000.

Which Sub Registrar Office covers Murugan Sintigate (Sa)?

The Chengleput Joint II Sub Registrar Office covers Murugan Sintigate (Sa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.