Guideline Value for MUTHU PERUMAL NAGAR

Muthu Perumal Nagar guideline value

The current guideline value of Muthu Perumal Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This locality is situated in Enjur village and falls under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Muthu Perumal Nagar has changed

The guideline value for Muthu Perumal Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to these, in 2017, the guideline value was Rs 67 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The revisions have shown a consistent increase since 2017, indicating a stable valuation in recent years.

Guideline values in Enjur

In Enjur, five streets under the Ponneri SRO have a guideline value for 2024, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Muthu Perumal Nagar's 2024 figure matches this median.

• New Star City Mini Ooty: Rs 100 per sq.ft (2024)
• Sri Pokkaliamman Nagar: Rs 100 per sq.ft (2024)
• Chief Commissioner Ranganathan Nagar Phase -I: Rs 100 per sq.ft (2024)
• Chief Commissioner Ranganathan Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthu Perumal Nagar?

The Sub Registrar Office that covers Muthu Perumal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Muthu Perumal Nagar?

The current guideline value of Muthu Perumal Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, which is a 49% increase. The value remained the same from 2023 to 2024.

What other streets in Enjur have the same guideline value?

Other streets in Enjur under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft for 2024, including New Star City Mini Ooty, Sri Pokkaliamman Nagar, Chief Commissioner Ranganathan Nagar Phase -I, and Chief Commissioner Ranganathan Nagar.

Where is the Sub Registrar Office for Muthu Perumal Nagar located?

The Ponneri Sub Registrar Office covers Muthu Perumal Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Muthu Perumal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.