Guideline Value for MUTHU NAGAR-(S.NO.52/3-)

Muthu Nagar-(S.No.52/3-) guideline value

The current guideline value of Muthu Nagar-(S.No.52/3-) is Rs 300 per sq.ft. This property is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Muthu Nagar-(S.No.52/3-) has changed

Over the years, the guideline value of Muthu Nagar-(S.No.52/3-) has seen several revisions. The 2012 revision set the guideline value at Rs 300 per sq.ft. However, in the 2017 revision, the value decreased to Rs 201 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 300 per sq.ft, which represents a 49% increase from the 2017 figure.

When looking at the overall changes from 2012 to 2023, the guideline value has remained the same at Rs 300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. Muthu Nagar-(S.No.52/3-) is one of the streets in this area, and it is essential to understand where this street stands in relation to other streets in Thozhuvur.

Stamp duty and registration fee for property in Muthu Nagar-(S.No.52/3-)

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. It is important to remember 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 Muthu Nagar-(S.No.52/3-)?

The Sub Registrar Office that covers Muthu Nagar-(S.No.52/3-) is the Tiruvallur Joint 1 Sub Registrar Office. The office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Thozhuvur, the guideline value plays a crucial role in the registration process. The guideline value is the minimum value set by the government for properties in a particular area, and it is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the guideline value as it can affect the overall cost of the transaction. The guideline value ensures that the property is registered at a fair price, and it helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Muthu Nagar-(S.No.52/3-)?

The current guideline value of Muthu Nagar-(S.No.52/3-) is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023.

What is the land classification for Muthu Nagar-(S.No.52/3-)?

The land classification for Muthu Nagar-(S.No.52/3-) is Residential Class III Type - II.

What are the stamp duty and registration fees for a property in Muthu Nagar-(S.No.52/3-)?

For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value of Rs 3,00,000.

Which Sub Registrar Office covers Muthu Nagar-(S.No.52/3-)?

The Tiruvallur Joint 1 Sub Registrar Office covers Muthu Nagar-(S.No.52/3-), located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.