Guideline Value for Linghi Chetty Street[ [from P.o.street Junction To Mannady Street Junction]

Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] guideline value

The current guideline value of Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] is Rs 14,800 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village under the Chennai North Joint I SRO and is classified as Commercial Class I Type - III.

How the guideline value of Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] has changed

Over the years, the guideline value for Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] has seen significant changes. In the 2007 revision, the value was Rs 4,500 per sq.ft. This increased to Rs 13,500 per sq.ft in 2012, marking a substantial rise of 200%. However, in the 2017 revision, the value dropped to Rs 9,045 per sq.ft, reflecting a decrease of 33%. The value then increased dramatically to Rs 13,500 per sq.ft in 2023, and further rose to the current rate of Rs 14,800 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 229%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Muthialpet

In Muthialpet village, there are 160 streets under the Chennai North Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median value is Rs 5,500 per sq.ft, indicating that Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] is above this median.

• Linghi Chetty Street [from N.S.C Bose Rd to Mookar Nallamuthu Street Junction]: Rs 15,900 per sq.ft (2024)
• Lingi Chetty Street (Mookar Nallamuthu Street to Post Office Street Junction): Rs 15,900 per sq.ft (2024)
• Linghi Chetty street[from Mannady street Junction to Ibrahim sahib st Junction]: Rs 8,800 per sq.ft (2024)
• Madras harbor+: Rs 7,100 per sq.ft (2024)
• Maglene street: Rs 4,900 per sq.ft (2024)
• Malayappan street: Rs 14,800 per sq.ft (2024)

Stamp duty and registration fee for property in Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction]

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value would be Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, bringing the total to Rs 13,32,000. It is important to note that 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 Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction]?

The Sub Registrar Office that covers Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Muthialpet. It is used as a basis for calculating the stamp duty and registration fees that are required during the property transaction process. Buyers and sellers should be aware of the guideline value as it directly impacts the overall cost of the transaction.

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

Frequently asked questions

What is the current guideline value of Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction]?

The current guideline value of Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 4,500 per sq.ft in 2007 to the current Rs 14,800 per sq.ft in 2024, reflecting an overall increase of 229% over the years.

What is the classification of Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction]?

Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] is classified as Commercial Class I Type - III under the Chennai North Joint I SRO.

What is the median guideline value in Muthialpet?

The median guideline value in Muthialpet is Rs 5,500 per sq.ft, with Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] being above this median at Rs 14,800 per sq.ft.

Where can I find the Sub Registrar Office for Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction]?

The Sub Registrar Office for Linghi Chetty street[ [from P.O.street Junction to Mannady street Junction] is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105.