Guideline Value for Muthtamil Nagar

Muthtamil Nagar guideline value

The current guideline value of Muthtamil Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Kadaperi village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Muthtamil Nagar has changed

Over the years, the guideline value of Muthtamil Nagar has seen several revisions. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% increase. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, which then rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has risen by 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Muthtamil Nagar's 2024 figure below that median.

• Muthumariamman Koil Street: Rs 1,320 per sq.ft (2024)
• Munuswamy Street: Rs 1,650 per sq.ft (2024)
• Munuswamy Naidu Street: Rs 1,650 per sq.ft (2024)
• Nagarathinam Nagar: Rs 3,300 per sq.ft (2024)
• Mount Street: Rs 1,100 per sq.ft (2024)
• Moulana Nagar 9 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Muthtamil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthtamil Nagar?

Muthtamil Nagar is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Kadaperi, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, helping to maintain transparency in the real estate market. It is advisable to check the current guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Muthtamil Nagar?

The current guideline value of Muthtamil Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 120% over the years.

What is the median guideline value for streets in Kadaperi?

The median guideline value for the 142 streets in Kadaperi under the Tambaram Joint 1 SRO is Rs 1,650 per sq.ft, with Muthtamil Nagar's value being below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, resulting in a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Which office manages the registration for Muthtamil Nagar?

The Tambaram Joint 1 Sub Registrar Office manages the registration for Muthtamil Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.