Guideline Value

Corporate

Guideline Value for MUTHANMAL GARDEN

₹1100/sq.ft.

The guideline value for Muthanmal Garden in Uthandi village (Neelankarai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthandi

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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)

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 Muthanmal Garden

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Muthanmal Garden guideline value

The current guideline value of Muthanmal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Muthanmal Garden has changed

The guideline value for Muthanmal Garden has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,000 per sq.ft. In 2017, it decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased to Rs 1,000 per sq.ft in 2012 and further rose to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Muthanmal Garden's current value below this median.

Stamp duty and registration fee for property in Muthanmal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. 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 Muthanmal Garden?

The Muthanmal Garden 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. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value helps in assessing the legal obligations related to the transaction. It is essential for both parties to understand how this value impacts the overall costs involved in the sale or purchase of property in Uthandi.

Frequently asked questions

What is the current guideline value of Muthanmal Garden?

The current guideline value of Muthanmal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, and then increasing to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Uthandi?

The median guideline value for streets in Uthandi is Rs 1,700 per sq.ft, making Muthanmal Garden's current value below this median.

What are the stamp duty and registration fees for Muthanmal Garden?

For a 1,000 sq.ft plot in Muthanmal Garden, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Muthanmal Garden?

The Neelankarai Sub Registrar Office handles registrations for Muthanmal Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.