Guideline Value for MUTHAMIZH NAGAR

Muthamizh Nagar guideline value

The current guideline value of Muthamizh Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Amaiyampattu village under the Madurandakam SRO, with a land classification of Mixed Type - I.

How the guideline value of Muthamizh Nagar has changed

Over the years, the guideline value of Muthamizh Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. This was a decrease of 33%. In 2023, the value increased to Rs 100 per sq.ft, and the most recent revision in 2024 raised it further to Rs 103 per sq.ft, marking a 3% increase.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 3%, reflecting the revisions made during these years.

Guideline values in Amaiyampattu

Muthamizh Nagar is part of the guideline values applicable in Amaiyampattu. The following are the other streets in Amaiyampattu under the Madurandakam SRO:

• Maruvathur Garden: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamizh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. It is important to note that the 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 Muthamizh Nagar?

The Sub Registrar Office that covers Muthamizh Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Amaiyampattu, as it determines the minimum value at which the property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value, ensuring that the transaction is compliant with local regulations.

When registering a property, the buyer will pay stamp duty and registration fees based on the guideline value or the agreed sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Muthamizh Nagar?

The current guideline value of Muthamizh Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value of Muthamizh Nagar changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification for Muthamizh Nagar?

The land classification for Muthamizh Nagar is Mixed Type - I, which indicates its suitability for various types of developments.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Muthamizh Nagar?

Stamp duty and registration fees in Muthamizh Nagar are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 9,270 in fees.