Guideline Value for Matha Nagar

Matha Nagar guideline value

The current guideline value of Matha Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. Matha Nagar is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Matha Nagar has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,200 per sq.ft. The 2024 revision also holds the same value of Rs 1,200 per sq.ft, indicating no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has seen a consistent increase of 49% as well.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, making Matha Nagar's 2024 figure of Rs 1,200 per sq.ft higher than the median.

• Meenakshi Nagar: Rs 1,000 per sq.ft (2024)
• Mel Pushkarani Street: Rs 700 per sq.ft (2024)
• Metro Global City House site Scheme: Rs 800 per sq.ft (2024)
• Metro Green Medows: Rs 1,350 per sq.ft (2024)
• M G R Nagar: Rs 700 per sq.ft (2024)
• Manavala Mamuni Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Matha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Matha Nagar?

The Sub Registrar Office covering Matha Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration of properties in Sriperumbudur A. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This value is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Matha Nagar?

The current guideline value of Matha Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Matha Nagar has remained at Rs 1,200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024.

What is the land classification of Matha Nagar?

Matha Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

How does the guideline value compare to other streets in Sriperumbudur A?

The guideline value of Matha Nagar at Rs 1,200 per sq.ft is above the median value of Rs 700 per sq.ft for the 238 streets in Sriperumbudur A. Other streets have varying guideline values, with the highest being Rs 3,000 per sq.ft.

Where can I find the Sub Registrar Office for Matha Nagar?

The Sub Registrar Office for Matha Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by following the link provided.