Guideline Value for Muktha Samruddhi Nagar

Muktha Samruddhi Nagar guideline value

The current guideline value of Muktha Samruddhi Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Vayallanallur_b village under the Poonamallee SRO, classified as Mixed Type - III.

How the guideline value of Muktha Samruddhi Nagar has changed

The guideline value for Muktha Samruddhi Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 700 per sq.ft, which increased to Rs 750 per sq.ft in the 2024 revision, marking a change of +7%.

With the latest revision in 2024, the guideline value reflects an upward adjustment compared to the previous year. The 2023 figure of Rs 700 per sq.ft was the last recorded before the current value took effect.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 3,100 per sq.ft. The median value for these streets is Rs 1,640 per sq.ft, placing Muktha Samruddhi Nagar's 2024 figure below this median.

• Muktha Meenakshi Sundaram Nagar: Rs 750 per sq.ft (2024)
• M.S.Garden Nalleeswarar Nagar Phase -II: Rs 660 per sq.ft (2024)
• Muthu Nagar: Rs 1,640 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,925 per sq.ft (2024)
• Kaviya Garden: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Muktha Samruddhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would amount to Rs 15,000, making the total cost for these fees Rs 67,500. 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 information on these charges.

Which Sub Registrar Office covers Muktha Samruddhi Nagar?

The Sub Registrar Office that covers Muktha Samruddhi Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Vayallanallur_b, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal complications during the transaction process.

Frequently asked questions

What is the current guideline value for Muktha Samruddhi Nagar?

The current guideline value for Muktha Samruddhi Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Muktha Samruddhi Nagar was Rs 700 per sq.ft in 2023 and increased to Rs 750 per sq.ft in 2024, reflecting a change of +7%. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Vayallanallur_b?

The median guideline value for the 27 streets in Vayallanallur_b is Rs 1,640 per sq.ft. Muktha Samruddhi Nagar's guideline value is below this median.

What are the stamp duty and registration fees for property in Muktha Samruddhi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Muktha Samruddhi Nagar located?

The Sub Registrar Office covering Muktha Samruddhi Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.