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Guideline Value

Corporate

Guideline Value for MUTHAMIZH NAGAR 3rd STREET

₹4400/sq.ft.

The guideline value for Muthamizh Nagar 3rd Street in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Muthamizh Nagar 3rd Street

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MUTHAMIZH NAGAR 3rd STREET guideline value

The current guideline value of MUTHAMIZH NAGAR 3rd STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - II.

How the guideline value of MUTHAMIZH NAGAR 3rd STREET has changed

The guideline value of MUTHAMIZH NAGAR 3rd STREET has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. The value increased significantly by 49% to Rs 4,000 per sq.ft in the 2023 revision, and further rose by 10% to the current value of Rs 4,400 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. MUTHAMIZH NAGAR 3rd STREET's 2024 guideline value is above this median.

Stamp duty and registration fee for property in MUTHAMIZH NAGAR 3rd STREET

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers MUTHAMIZH NAGAR 3rd STREET?

The MUTHAMIZH NAGAR 3rd STREET is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Karapakkam. It is used to determine the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, 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 registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of MUTHAMIZH NAGAR 3rd STREET?

The current guideline value of MUTHAMIZH NAGAR 3rd STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the other streets in Karapakkam with the same guideline value?

Other streets in Karapakkam with the same guideline value of Rs 4,400 per sq.ft include MUTHAMIZH NAGAR 1st, 2nd, 4th, 5th, 6th, and 7th STREETS.

What is the stamp duty for a property in MUTHAMIZH NAGAR 3rd STREET?

The stamp duty for a property in MUTHAMIZH NAGAR 3rd STREET is calculated at 7% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would be Rs 3,08,000.

Which office handles the registration for MUTHAMIZH NAGAR 3rd STREET?

The Neelankarai Sub Registrar Office handles the registration for MUTHAMIZH NAGAR 3rd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.