Guideline Value for SRI MURUGAN NAGAR

Sri Murugan Nagar guideline value

The current guideline value of Sri Murugan Nagar is Rs 700 per sq.ft. This area is located in Nathamedu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Murugan Nagar has changed

According to the guideline value register, there are no figures available for Sri Murugan Nagar for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 700 per sq.ft.

Since there are no figures for the previous revisions mentioned, it can be noted that the only available guideline value for this street is from the 2023 revision, which is Rs 700 per sq.ft. There have been no changes in the guideline value between the revisions.

Guideline values in Nathamedu

No village figures are provided for Nathamedu. Currently, Sri Murugan Nagar is the only street listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sri Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Murugan Nagar?

The Sub Registrar Office that covers Sri Murugan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nathamedu. It serves as a baseline for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the state collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Murugan Nagar?

The current guideline value of Sri Murugan Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision for Sri Murugan Nagar occurring in 2023. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Murugan Nagar?

Sri Murugan Nagar is classified as Residential Class I Type - I, which indicates its designation for residential use.

Where can I find the Sub Registrar Office for Sri Murugan Nagar?

The Sub Registrar Office for Sri Murugan Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office is part of the Tiruvallur Joint 1 SRO.

How is the stamp duty calculated for properties in Sri Murugan Nagar?

Stamp duty for properties in Sri Murugan Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 49,000.