Guideline Value for SRI Murugan Nagar

SRI Murugan Nagar guideline value

The current guideline value of SRI Murugan Nagar is Rs 1,300 per sq.ft, as per the 2023 revision. This area falls under Nalambakkam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of SRI Murugan Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,300 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 871 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back up to Rs 1,300 per sq.ft. It is important to note that the register has no figures for the years 2024, 2007, 2003, and 2002 for this street.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 1,300 per sq.ft. The fluctuations between revisions highlight the variability in property valuation over the years.

Guideline values in Nalambakkam

As there are no specific village figures provided for Nalambakkam, the focus remains on the SRI Murugan Nagar guideline value. There are currently no other streets in Nalambakkam listed under the Gooduvancheri 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total charges to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SRI Murugan Nagar?

The Sub Registrar Office that covers SRI Murugan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in SRI Murugan Nagar, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for calculating the taxes owed during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in 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 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a drop to Rs 871 per sq.ft in 2017 from Rs 1,300 per sq.ft in 2012. However, it rose back to Rs 1,300 per sq.ft in the 2023 revision.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers SRI Murugan Nagar?

The Gooduvancheri Sub Registrar Office covers SRI Murugan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there a guideline value for other streets in Nalambakkam?

Currently, there are no other streets in Nalambakkam listed under the Gooduvancheri SRO, so no additional guideline values are available.