Guideline Value for MUTHAMMAL NAGAR

Muthammal Nagar guideline value

The current guideline value of Muthammal Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,493 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Muthammal Nagar has changed

Over the years, the guideline value of Muthammal Nagar has seen significant changes. The 2017 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was still Rs 1,493 per sq.ft, and this was maintained in the 2024 revision, indicating a 0% change from 2023 to 2024. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the change from the 2017 figure to the 2024 figure reflects the only available revisions.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Muthammal Nagar's 2024 figure above this median.

• Muthumari Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Murugathal Nagar: Rs 1,000 per sq.ft (2024)
• Murugadoss Nagar: Rs 1,000 per sq.ft (2024)
• Moorthi Nagar: Rs 1,000 per sq.ft (2024)
• Nanjil Nagar-I,II: Rs 1,000 per sq.ft (2024)
• Nedunsalai Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Muthammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The applicable stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total cost for these fees to Rs 1,34,370. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthammal Nagar?

The Sub Registrar Office that covers Muthammal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Adhanoor. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value ensures that the transaction is recorded at a standard rate, which helps in maintaining transparency in property dealings.

When registering a property, buyers should be aware that the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for accurate financial planning during a property transaction.

Frequently asked questions

What is the current guideline value of Muthammal Nagar?

The current guideline value of Muthammal Nagar is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,493 per sq.ft from the 2023 revision to the 2024 revision, with a 49% increase from the 2017 revision of Rs 1,000 per sq.ft.

What is the land classification for Muthammal Nagar?

The land classification for Muthammal Nagar is Residential Special Type - III.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

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

Stamp duty for properties in Muthammal Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 14,93,000, the stamp duty would be Rs 1,04,510 at 7%.