Guideline Value for MURUGAPPA NAGAR

Murugappa Nagar guideline value

The current guideline value of Murugappa Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class II Type - I.

How the guideline value of Murugappa Nagar has changed

The guideline value for Murugappa Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 988 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial change in the guideline value during that period.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that have a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Murugappa Nagar's 2024 figure above this median.

• Murugappa Nagar Lane: Rs 550 per sq.ft (2024)
• Murugur: Rs 550 per sq.ft (2024)
• Muslim Street: Rs 825 per sq.ft (2024)
• M Subramaniam Stret: Rs 825 per sq.ft (2024)
• Nagari Road: Rs 770 per sq.ft (2024)
• Nallakulam Sterrt: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Murugappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, totaling Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Murugappa Nagar?

The Sub Registrar Office that covers Murugappa Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Tiruttani. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value serves as a baseline for calculating these fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Murugappa Nagar?

The current guideline value of Murugappa Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 603 per sq.ft to Rs 988 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty for a property in Murugappa Nagar?

The stamp duty for a property in Murugappa Nagar is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What are the guideline values of other streets in Tiruttani?

Other streets in Tiruttani have varying guideline values. For example, Murugappa Nagar Lane and Murugur both have a value of Rs 550 per sq.ft, while Nallakulam Sterrt has a value of Rs 1,099 per sq.ft.