Guideline Value for MUTHAMIZH NAGAR

Muthamizh Nagar guideline value

The current guideline value of Muthamizh Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Muthamizh Nagar has changed

The guideline value for Muthamizh Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is an increase from the 2023 revision of Rs 700 per sq.ft, marking a change of +10%. Prior to that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, indicating a significant increase of +49% from 2017 to 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Muthamizh Nagar.

• M.V.Nagar: Rs 770 per sq.ft (2024)
• Muthaiya Lay Out Road & Streets: Rs 440 per sq.ft (2024)
• Murugesan Nagar 1st Main Road & Street: Rs 870 per sq.ft (2024)
• Murugan Koil St: Rs 770 per sq.ft (2024)
• M.T.H.ROAD to RAILWAY STATION ROAD: Rs 870 per sq.ft (2024)
• M.T.H.Road: Rs 870 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. 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 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Muthamizh Nagar?

The current guideline value of Muthamizh Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking a total increase of +64% over this period.

What is the land classification of Muthamizh Nagar?

Muthamizh Nagar is classified as Residential Class II Type - III according to the local land classification guidelines.

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

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

How is stamp duty calculated for properties in Muthamizh Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at a rate of 7%.