Guideline Value for Murugathal Nagar

Murugathal Nagar guideline value

The current guideline value of Murugathal Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This locality is situated in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Murugathal Nagar has changed

Over the years, the guideline value for Murugathal Nagar has seen various revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged in the 2017 revision, where it decreased to Rs 670 per sq.ft. In the subsequent 2023 revision, it returned to Rs 1,000 per sq.ft, and the most recent 2024 revision maintains this figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been no change, with the guideline value remaining at Rs 1,000 per sq.ft.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Murugathal Nagar aligns with this median.

• Murugadoss Nagar: Rs 1,000 per sq.ft (2024)
• Muthammal Nagar: Rs 1,493 per sq.ft (2024)
• Muthumari Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Moorthi Nagar: Rs 1,000 per sq.ft (2024)
• Nanjil Nagar-I,II: Rs 1,000 per sq.ft (2024)
• Nedunsalai Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Murugathal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Murugathal Nagar?

The Sub Registrar Office covering Murugathal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is typically used to calculate the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Murugathal Nagar?

The current guideline value of Murugathal Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft in 2024 and 2023, increased from Rs 670 per sq.ft in 2017, and was Rs 1,000 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Murugathal Nagar?

The Gooduvancheri Sub Registrar Office covers Murugathal Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification of Murugathal Nagar?

Murugathal Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.