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 Panangottur village under the Chengleput Joint II SRO and is classified as 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. The earliest recorded revision was in 2012, where the value was Rs 400 per sq.ft. This was followed by a decrease in 2017 to Rs 268 per sq.ft, which was a drop of 33%. In 2023, the value increased significantly to Rs 400 per sq.ft, and the latest revision in 2024 raised it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for the area is Rs 990 per sq.ft, placing Murugan Sintigate (Sa) below this median.

• Muthumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Mullai Nagar (Kr): Rs 440 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8): Rs 1,320 per sq.ft (2024)
• Muthu Nagar Kattankilathur (Ward -17): Rs 550 per sq.ft (2024)
• Muthumari Street (Kr): Rs 660 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 would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally documented and recorded.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

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 back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft for the year 2024.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Murugan Sintigate (Sa)?

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