Guideline Value for MURUGU NAGAR PHASE-I

Murugu Nagar Phase-I guideline value

The current guideline value of Murugu Nagar Phase-I is Rs 2,239 per sq.ft. This area is located in Melakottyur village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this region is Mixed Type - II.

How the guideline value of Murugu Nagar Phase-I has changed

According to the guideline value register, the revisions for Murugu Nagar Phase-I include several years without a specified figure. The most recent revision in 2023 shows a guideline value of Rs 2,239 per sq.ft. For the years 2024, 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

There have been no changes between the revisions listed above. The only available figure is from the 2023 revision, which remains the same as there are no prior values to compare against for this street.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Murugu Nagar Phase-I is part of this village, and there are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Murugu Nagar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total to Rs 2,01,510. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Murugu Nagar Phase-I?

The Gooduvancheri Sub Registrar Office covers Murugu Nagar Phase-I. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Melakottyur. It determines the minimum value at which a property must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value acts as a benchmark for the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Murugu Nagar Phase-I?

The current guideline value of Murugu Nagar Phase-I is Rs 2,239 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Murugu Nagar Phase-I has remained at Rs 2,239 per sq.ft since the 2023 revision. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Murugu Nagar Phase-I?

The land classification for Murugu Nagar Phase-I is Mixed Type - II, indicating a blend of different land uses in the area.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Murugu Nagar Phase-I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 22,39,000, leading to a stamp duty of Rs 1,56,730 at 7%.