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Guideline Value

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Guideline Value for MUTHAMIZH NAGAR 5th STREET

₹4400/sq.ft.

The guideline value for Muthamizh Nagar 5th 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 5th Street

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MUTHAMIZH NAGAR 5th STREET guideline value

The current guideline value of MUTHAMIZH NAGAR 5th 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 it is classified as Residential Special Type - II.

How the guideline value of MUTHAMIZH NAGAR 5th STREET has changed

The guideline value for MUTHAMIZH NAGAR 5th STREET has seen several revisions over the years. The 2012 revision recorded a value of Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in 2017. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, indicating that MUTHAMIZH NAGAR 5th STREET's 2024 figure is above this median.

Stamp duty and registration fee for property in MUTHAMIZH NAGAR 5th STREET

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers MUTHAMIZH NAGAR 5th STREET?

The MUTHAMIZH NAGAR 5th STREET falls under 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 more information.

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

The guideline value is an essential factor when buying or selling property in Karapakkam, as it determines the stamp duty and registration fees applicable during the transaction. Buyers must ensure that they are aware of the current guideline value to accurately calculate their costs before proceeding with a purchase.

When registering a property, the guideline value serves as a benchmark for the official valuation of the property. This ensures that the fees collected by the government are based on a standardized value, which is crucial for maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of MUTHAMIZH NAGAR 5th STREET?

The current guideline value of MUTHAMIZH NAGAR 5th 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 to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for MUTHAMIZH NAGAR 5th STREET?

MUTHAMIZH NAGAR 5th STREET is classified as Residential Special Type - II.

Which office handles registrations for MUTHAMIZH NAGAR 5th STREET?

The Neelankarai Sub Registrar Office handles registrations for MUTHAMIZH NAGAR 5th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft at the current rate, the total fees amount to Rs 3,96,000.