Guideline Value for Kumarasamy Muthali Street

Kumarasamy Muthali Street guideline value

The current guideline value of Kumarasamy Muthali Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kumarasamy Muthali Street has changed

The guideline value for Kumarasamy Muthali Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was then reduced to Rs 2,479 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,700 per sq.ft, and the latest 2024 revision raised it to Rs 4,000 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Kumarasamy Muthali Street's 2024 figure is above this median.

• Kumarasamy Nagar: Rs 4,000 per sq.ft (2024)
• Kupusamy Street: Rs 3,600 per sq.ft (2024)
• Lakshmanapuram: Rs 2,200 per sq.ft (2024)
• K.S.R.nagar: Rs 5,100 per sq.ft (2024)
• KrishnaThirai Arangam Street: Rs 3,600 per sq.ft (2024)
• Krishnasamy masthri Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarasamy Muthali Street

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. Please note that the 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 further calculations.

Which Sub Registrar Office covers Kumarasamy Muthali Street?

The Sub Registrar Office that covers Kumarasamy Muthali Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kumarasamy Muthali Street?

The current guideline value of Kumarasamy Muthali Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then back to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification for Kumarasamy Muthali Street?

Kumarasamy Muthali Street is classified as Residential Special Type - II under the land classification in Ambattur.

What are the stamp duty rates for properties in Kumarasamy Muthali Street?

The stamp duty rate for properties in Kumarasamy Muthali Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kumarasamy Muthali Street?

The Sub Registrar Office for Kumarasamy Muthali Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.