Guideline Value

Corporate

Guideline Value for muthu nagar

₹250/sq.ft.

The guideline value for Muthu Nagar in Ozhalur village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ozhalur

Village

Chengleput Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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Muthu Nagar guideline value

The current guideline value of Muthu Nagar, located in Ozhalur village, is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Muthu Nagar has changed

Over the years, the guideline value of Muthu Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the previous figure. From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. The current 2024 revision maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Ozhalur

In Ozhalur village, there are 13 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 250 to Rs 672 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Muthu Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Muthu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. 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 Muthu Nagar?

The Sub Registrar Office that covers Muthu Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ozhalur. It is the benchmark used to calculate stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to a property.

When a property is bought or sold, the registration office uses the guideline value to determine the applicable fees. This value is essential for legal documentation and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Muthu Nagar?

The current guideline value of Muthu Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Muthu Nagar has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the other streets in Ozhalur and their guideline values?

Other streets in Ozhalur include Metro Garden Phase-I To IV at Rs 300 per sq.ft, Mahalakshmi Nagar at Rs 650 per sq.ft, and several others, with values ranging from Rs 250 to Rs 672 per sq.ft for 2024.

What is the stamp duty for property in Muthu Nagar?

The stamp duty for property in Muthu Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 2,50,000, the stamp duty would be Rs 17,500.

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

The Sub Registrar Office for Muthu Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant link.