Guideline Value for Mathavan Nagar anex

Mathavan Nagar anex guideline value

The current guideline value of Mathavan Nagar anex, located in Puthagaram village under the Ambattur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Mathavan Nagar anex has changed

The guideline value for Mathavan Nagar anex has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,474 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 2,200 per sq.ft. The 2024 revision has maintained this figure, showing a 0% change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 2,200 per sq.ft, indicating stability in this period.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value is Rs 1,900 per sq.ft, placing Mathavan Nagar anex above this median.

• Mathavan Nagar: Rs 2,200 per sq.ft (2024)
• M.K.M.Nagar: Rs 1,300 per sq.ft (2024)
• Magathma ganthi Nagar: Rs 1,300 per sq.ft (2024)
• Lakshmi Nagar anex: Rs 2,200 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Lakshmi Amman Kovil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mathavan Nagar anex

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that 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 details.

Which Sub Registrar Office covers Mathavan Nagar anex?

The Sub Registrar Office that covers Mathavan Nagar anex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puthagaram. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the appropriate amounts are paid based on the value of the property being transacted.

When buying or selling property, the guideline value helps in determining the official value of the property, which is important for legal and financial documentation. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mathavan Nagar anex?

The current guideline value of Mathavan Nagar anex is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the most recent change being from Rs 2,200 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, indicating no change. The value increased from Rs 1,474 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023.

What are the stamp duty and registration fees for Mathavan Nagar anex?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Mathavan Nagar anex?

The Ambattur Sub Registrar Office handles registrations for Mathavan Nagar anex, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the official value of a property during registration, which impacts the calculation of stamp duty and registration fees. It ensures that the transaction is conducted transparently and in compliance with legal requirements.