Guideline Value for MUHAMADIYAR STREET

Muhamadiyar Street guideline value

The current guideline value of Muhamadiyar Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Muhamadiyar Street has changed

Over the years, the guideline value of Muhamadiyar Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a substantial rise of 650%. In 2017, the value was adjusted to Rs 502 per sq.ft, which was a decrease of 33% from the previous revision. The value remained at Rs 750 per sq.ft during the 2023 revision and has not changed in the 2024 revision, reflecting a 0% change from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 650%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which matches the current guideline value of Muhamadiyar Street.

• Mukaaniyamman Melandai Srteet: Rs 750 per sq.ft (2024)
• Mugammathu Ibrahim Street: Rs 750 per sq.ft (2024)
• Mukkiyamman Kovil St: Rs 750 per sq.ft (2024)
• Munseep Narayana Swamy Srteet: Rs 750 per sq.ft (2024)
• Mg Thennamam Bank Extension III: Rs 750 per sq.ft (2024)
• Nadesa Iyer Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Muhamadiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muhamadiyar Street?

The Sub Registrar Office that covers Muhamadiyar Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Walajabad. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of this value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Muhamadiyar Street?

The current guideline value of Muhamadiyar Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and has remained at Rs 750 per sq.ft in 2023 and 2024.

What is the land classification of Muhamadiyar Street?

Muhamadiyar Street is classified as Residential Class IV Type - I.

What are the stamp duty rates for property in Muhamadiyar Street?

The stamp duty for property transactions is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Muhamadiyar Street located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.