Guideline Value for EAST COAST ROAD

East Coast Road guideline value

The current guideline value of East Coast Road in Muttukadu village is Rs 3,000 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office and is classified as Residential Class V Type - I.

How the guideline value of East Coast Road has changed

The guideline value for East Coast Road has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. However, in the 2017 revision, it decreased to Rs 2,010 per sq.ft, marking a decline of 33%. The most recent 2023 revision increased the value back to Rs 3,000 per sq.ft, resulting in a rise of 49% from the 2017 figure. There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 3,000 per sq.ft. This stability reflects a consistent valuation over the last decade despite the fluctuations observed in the intervening years.

Guideline values in Muttukadu

Currently, there are no specific village figures provided for Muttukadu. The East Coast Road guideline value stands at Rs 3,000 per sq.ft, and there are no other streets in Muttukadu listed under the Thiruporur SRO.

Stamp duty and registration fee for property in East Coast Road

For a 1,000 sq.ft plot at the current rate of Rs 3,000 per sq.ft, the guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total charges to Rs 2,70,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Coast Road?

The East Coast Road is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Muttukadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation based on government assessments.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of East Coast Road?

The current guideline value of East Coast Road in Muttukadu is Rs 3,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then back to Rs 3,000 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

What are the stamp duty and registration fees for properties on East Coast Road?

For a 1,000 sq.ft plot valued at Rs 3,000 per sq.ft, the guideline value is Rs 30,00,000. The stamp duty would be Rs 2,10,000, and the registration fee would be Rs 60,000, totaling Rs 2,70,000.

Which office handles the registration for East Coast Road?

The Thiruporur Sub Registrar Office handles the registration for East Coast Road, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the government based on various factors, including land classification and previous revisions. It serves as a minimum value for property registration, ensuring that transactions reflect a fair valuation.