Guideline Value for MUTHAMIZH NAGAR

Muthamizh Nagar guideline value

The current guideline value of Muthamizh Nagar is Rs 1,350 per sq.ft, effective from 1 July 2024. This property is located in Uthiramerur - B village, under the Uthiramerur SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Muthamizh Nagar has changed

The guideline value for Muthamizh Nagar has remained consistent at Rs 1,350 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 to the 2024 revision, there has been no change, with the guideline value remaining at Rs 1,350 per sq.ft. This stability indicates that the value has not fluctuated during this period.

Guideline values in Uthiramerur - B

In Uthiramerur - B, there are 11 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,350 per sq.ft. Muthamizh Nagar's guideline value is above the median of Rs 900 per sq.ft for the area.

• Kamal Avenue: Rs 905 per sq.ft (2024)
• Adhithiya Township Phase-I: Rs 500 per sq.ft (2024)
• Adhithiya Township Phase-II: Rs 500 per sq.ft (2024)
• ஆனைப்பள்ளம் குடுமித் தெரு: Rs 700 per sq.ft (2024)
• ஆனைப்பள்ளம் யாதவாள் தெரு: Rs 900 per sq.ft (2024)
• கேதாரீஸ்வரன் கோயில் தெரு: Rs 1,000 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 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, making the total cost Rs 1,21,500. 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 information.

Which Sub Registrar Office covers Muthamizh Nagar?

The Sub Registrar Office that covers Muthamizh Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthiramerur - B

The guideline value is a crucial factor during the registration process of property transactions in Uthiramerur - B. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the transaction reflects a fair valuation for taxation purposes.

Frequently asked questions

What is the current guideline value of Muthamizh Nagar?

The current guideline value of Muthamizh Nagar is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Muthamizh Nagar has remained at Rs 1,350 per sq.ft since the 2023 revision. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in Muthamizh Nagar?

For a property valued at Rs 13,50,000, the stamp duty would be Rs 94,500 and the registration fee would be Rs 27,000, totaling Rs 1,21,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Muthamizh Nagar?

The Uthiramerur Sub Registrar Office handles property registration for Muthamizh Nagar. It is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the land classification for Muthamizh Nagar?

The land classification for Muthamizh Nagar is Residential Class V Type - III. This classification is important for understanding the usage and development potential of the land.