Guideline Value

Corporate

Guideline Value for MUTHAMIZH NAGAR

₹440/sq.ft.

The guideline value for Muthamizh Nagar in Palavedu village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavedu

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

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Muthamizh Nagar guideline value

The current guideline value of Muthamizh Nagar, located in Palavedu village under the Avadi SRO, is Rs 440 per sq.ft. This value is effective from the 2024 revision, which took place on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Muthamizh Nagar has changed

The guideline value for Muthamizh Nagar has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 400 per sq.ft. In 2017, this value decreased to Rs 268 per sq.ft, marking a reduction of 33%. However, the subsequent revisions saw a significant increase, with the value rising to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024, representing a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value increased by 10%.

There are no recorded figures for Muthamizh Nagar in the years 2002, 2003, and 2007. The 2024 revision reflects a 10% increase from the 2023 revision, which itself had seen a 49% rise from the 2017 revision. This pattern of fluctuations illustrates the changing guideline values over time.

Guideline values in Palavedu

In Palavedu village, there are 18 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 290 to Rs 1,100 per sq.ft. The median value among these streets is Rs 440 per sq.ft, which is equal to the current guideline value of Muthamizh Nagar.

Stamp duty and registration fee for property in Muthamizh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamizh Nagar?

The Sub Registrar Office that covers Muthamizh Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Palavedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it influences the costs associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which can significantly impact the overall expenses involved in the property transaction.

Frequently asked questions

What is the current guideline value of Muthamizh Nagar?

The current guideline value of Muthamizh Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification of Muthamizh Nagar?

The land classification for Muthamizh Nagar is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Muthamizh Nagar?

The Sub Registrar Office covering Muthamizh Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Muthamizh Nagar?

Stamp duty for properties in Muthamizh Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.