Guideline Value

Corporate

Guideline Value for MUTHAMIZH NAGAR

₹4400/sq.ft.

The guideline value for Muthamizh Nagar 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 ₹2738 /sq.ft.
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

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Muthamizh Nagar guideline value

The current guideline value of Muthamizh Nagar, located in Karapakkam village under the Neelankarai SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Muthamizh Nagar has changed

Over the years, the guideline value of Muthamizh Nagar has seen several revisions. The 2017 revision set the value at Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. In the subsequent revisions, the value rose to Rs 4,400 per sq.ft in 2024, marking a significant increase of 49% from the 2017 figure and a 10% increase from the 2023 figure of Rs 4,000 per sq.ft. Notably, the register has no figure for this street for the years 2002 and 2003.

The 2012 revision of Rs 4,000 per sq.ft was a decrease of 33% from the 2017 value. The 2007 revision recorded a guideline value of Rs 2,738 per sq.ft, which increased by 46% to Rs 4,000 per sq.ft in 2012. Overall, from 2007 to 2024, the guideline value has increased by 61%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Muthamizh Nagar above this median value.

Stamp duty and registration fee for property in Muthamizh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It's important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthamizh Nagar?

The Muthamizh Nagar area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Karapakkam. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is legally recognized and recorded.

When buying or selling property, the guideline value serves as a benchmark for the transaction, influencing the financial aspects of the deal. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Muthamizh Nagar?

The current guideline value of Muthamizh Nagar 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 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, reflecting significant increases in the value over the years.

What are the other streets in Karapakkam with the same guideline value?

Other streets in Karapakkam, such as Muthamizh Nagar 1st, 2nd, 3rd, 4th, 5th, and 6th Streets, all have the same guideline value of Rs 4,400 per sq.ft for 2024.

What is the registration fee for a property in Muthamizh Nagar?

The registration fee for a property in Muthamizh Nagar is 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Which office handles property registration in Muthamizh Nagar?

The Neelankarai Sub Registrar Office handles property registration in Muthamizh Nagar, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.