Guideline Value

Corporate

Guideline Value for MUTHAMIZH NAGAR 8th STREET

₹4400/sq.ft.

The guideline value for Muthamizh Nagar 8th 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 8th Street

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MUTHAMIZH NAGAR 8th STREET guideline value

The current guideline value of MUTHAMIZH NAGAR 8th 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 8th STREET has changed

The guideline value for MUTHAMIZH NAGAR 8th STREET has seen 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. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase in the guideline value.

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, with a median value of Rs 1,700 per sq.ft. MUTHAMIZH NAGAR 8th STREET's current guideline value is above this median.

Stamp duty and registration fee for property in MUTHAMIZH NAGAR 8th 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, bringing the total fees together to 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.

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

Which Sub Registrar Office covers MUTHAMIZH NAGAR 8th STREET?

The Sub Registrar Office that covers MUTHAMIZH NAGAR 8th STREET is 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 a crucial factor when buying or selling property in Karapakkam, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps in ensuring compliance with local regulations during property transactions. It is advisable for buyers and sellers to refer to the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of MUTHAMIZH NAGAR 8th STREET?

The current guideline value of MUTHAMIZH NAGAR 8th 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 is the land classification for MUTHAMIZH NAGAR 8th STREET?

MUTHAMIZH NAGAR 8th STREET is classified as Residential Special Type - II.

What are the stamp duty rates for property in MUTHAMIZH NAGAR 8th STREET?

The stamp duty rate for property in MUTHAMIZH NAGAR 8th STREET is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers MUTHAMIZH NAGAR 8th STREET?

The Neelankarai Sub Registrar Office covers MUTHAMIZH NAGAR 8th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.