Guideline Value for Muvendar Nagar

Muvendar Nagar guideline value

The current guideline value of Muvendar 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 Muvendar Nagar has changed

The guideline value for Muvendar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. The register has no figure for this street in 2012, 2007, 2003, and 2002.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, there has been a total increase of 64%. These changes reflect the evolving property landscape in the area.

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 is Rs 1,100 per sq.ft, which is equal to the guideline value of Muvendar Nagar.

• Muthusamy 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 Muvendar Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Muvendar Nagar?

The Sub Registrar Office that covers Muvendar 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 when registering property in Sevilimadu - A. It determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and legally. It helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muvendar Nagar?

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

How much has the guideline value changed over the years?

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

What is the land classification for Muvendar Nagar?

Muvendar Nagar is classified as Residential Class I Type - I under the Kanchipuram Joint II SRO.

Where can I find the registration office for Muvendar Nagar?

The registration office for Muvendar Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is stamp duty calculated for properties in Muvendar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.