Guideline Value for MUKKIYAMMAN KOVIL ST

Mukkiyamman Kovil St guideline value

The current guideline value of Mukkiyamman Kovil St 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 Mukkiyamman Kovil St has changed

The guideline value for Mukkiyamman Kovil St has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value was previously at Rs 502 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2023 revision also maintained the value at Rs 750 per sq.ft, and the same value is carried into the 2024 revision, showing no change from 2023 to 2024.

It is important to note that the register has no figures for Mukkiyamman Kovil St for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 750 per sq.ft.

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 is Rs 750 per sq.ft, which is the same as the 2024 guideline value for Mukkiyamman Kovil St.

• Mukaaniyamman Melandai Srteet: Rs 750 per sq.ft (2024)
• Muhamadiyar Street: Rs 750 per sq.ft (2024)
• Mugammathu Ibrahim Street: 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 Mukkiyamman Kovil St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost together Rs 67,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mukkiyamman Kovil St?

Mukkiyamman Kovil St falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is crucial during the registration process as it determines the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to calculate the financial obligations involved in the transaction.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property being bought or sold. This value is used to calculate the necessary fees, ensuring that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Mukkiyamman Kovil St?

The current guideline value of Mukkiyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, with a previous value of Rs 502 per sq.ft in 2017. There was a 49% increase from 2017 to 2023, but the value has not changed from 2023 to 2024.

What is the land classification for Mukkiyamman Kovil St?

Mukkiyamman Kovil St is classified as Residential Class IV Type - I under the Walajabad SRO.

Where can I find the registration office for Mukkiyamman Kovil St?

The Walajabad Sub Registrar Office covers Mukkiyamman Kovil St, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mukkiyamman Kovil St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 67,500.