Guideline Value for East Muthaiah Street

East Muthaiah Street guideline value

The current guideline value of East Muthaiah Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of East Muthaiah Street has changed

The guideline value for East Muthaiah Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the overall change from 2012 to 2024 shows an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making East Muthaiah Street's 2024 figure below that median.

• East Kalmandapam Road: Rs 3,800 per sq.ft (2024)
• Durgadevi Nagar 6th Steet: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 4th cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 3rd cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in East Muthaiah Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the 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 to Rs 1,17,000. 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 accurate calculations.

Which Sub Registrar Office covers East Muthaiah Street?

The Sub Registrar Office that covers East Muthaiah Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO online for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Tondaiarpet, the guideline value is used to calculate applicable taxes, such as stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of East Muthaiah Street?

The current guideline value of East Muthaiah Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of East Muthaiah Street.

What are the stamp duty and registration fees for properties on East Muthaiah Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles property registration for East Muthaiah Street?

The Royapuram Sub Registrar Office handles property registration for East Muthaiah Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.