Guideline Value for Muthusamy Nagar

Muthusamy Nagar guideline value

The current guideline value of Muthusamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Muthusamy Nagar has changed

The guideline value for Muthusamy Nagar has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a further increase of 10% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Muthusamy Nagar.

• Muvendar Nagar: Rs 1,100 per sq.ft (2024)
• Moogambigai Nagar: Rs 1,100 per sq.ft (2024)
• M.K.N. Nagar: Rs 1,100 per sq.ft (2024)
• NGO Nagar: Rs 1,100 per sq.ft (2024)
• N S N Nagar: Rs 1,100 per sq.ft (2024)
• Pallavan Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Muthusamy Nagar

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

Which Sub Registrar Office covers Muthusamy Nagar?

The Sub Registrar Office that covers Muthusamy Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor during the registration of property transactions in Sevilimadu - A. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It ensures that the transaction is recorded at a value that reflects the official assessment of the property’s worth, thereby facilitating a transparent and standardized process.

Frequently asked questions

What is the current guideline value of Muthusamy Nagar?

The current guideline value of Muthusamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for property in Muthusamy Nagar?

The stamp duty rate for property transactions in Muthusamy Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Muthusamy Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Muthusamy Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the median guideline value for streets in Sevilimadu - A?

The median guideline value for streets in Sevilimadu - A is Rs 1,100 per sq.ft, which is the same as the current guideline value for Muthusamy Nagar.