Guideline Value for Muthumari Amman Nagar

Muthumari Amman Nagar guideline value

The current guideline value of Muthumari Amman Nagar is Rs 1,100 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village, governed by the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Muthumari Amman Nagar has changed

Over the years, the guideline value of Muthumari Amman Nagar has seen several revisions. The earliest recorded value in 2007 was Rs 400 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2012 revision, marking a substantial rise of 175%. However, in the 2017 revision, the value dropped to Rs 737 per sq.ft, which represented a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,100 per sq.ft, reflecting an increase of 49% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 175%.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Muthumari Amman Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Urapakkam listed with guideline values.

Stamp duty and registration fee for property in Muthumari Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, which would be Rs 77,000, and the registration fee at 2% amounts to Rs 22,000. Together, the total cost for stamp duty and registration fee would be Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthumari Amman Nagar?

The Muthumari Amman Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Urapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers must consider this value as it affects the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Muthumari Amman Nagar?

The current guideline value of Muthumari Amman Nagar is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, then decreased to Rs 737 per sq.ft in 2017, and finally returned to Rs 1,100 per sq.ft in 2023.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 99,000, which includes Rs 77,000 for stamp duty and Rs 22,000 for registration.

Which Sub Registrar Office covers Muthumari Amman Nagar?

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

Are there any other streets in Urapakkam with guideline values?

Currently, there are no other streets in Urapakkam listed with guideline values under the Gooduvancheri SRO.