Guideline Value for Mathina Nagar

Mathina Nagar guideline value

The current guideline value of Mathina Nagar is Rs 1,102 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Allappakkam village under the Chengleput Joint I SRO, classified as Residential Special Type - III.

How the guideline value of Mathina Nagar has changed

The guideline value for Mathina Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 1,100 per sq.ft. The next revision in 2024 brought the value up slightly to Rs 1,102 per sq.ft, marking a 0% change from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 737 per sq.ft, which was a significant increase of 49% compared to the 2023 value. The 2012 revision also saw a decrease of 33% from the 2017 figure. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained stable at Rs 1,102 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value is Rs 1,102 per sq.ft, which is equal to the guideline value of Mathina Nagar.

• Malai Street: Rs 800 per sq.ft (2024)
• Mount N Clave @ Vidyarthi Nagar: Rs 902 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,102 per sq.ft (2024)
• Kurinji Nagar: Rs 902 per sq.ft (2024)
• Nsk Nagar I II III IV: Rs 902 per sq.ft (2024)
• Kengu Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mathina Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total charges to Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Mathina Nagar?

The Chengleput Joint I Sub Registrar Office covers Mathina Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Allappakkam. It determines the minimum price at which a property can be sold and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are recorded at a fair price. It helps in maintaining transparency and preventing undervaluation of properties during the registration process.

Frequently asked questions

What is the current guideline value of Mathina Nagar?

The current guideline value of Mathina Nagar is Rs 1,102 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,102 per sq.ft in 2024. It was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012.

What is the land classification for Mathina Nagar?

Mathina Nagar is classified as Residential Special Type - III, which indicates its suitability for residential purposes under the guidelines set by the local authorities.

Where can I find the Chengleput Joint I SRO?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Mathina Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 at a rate of 7%.