Guideline Value

Corporate

Guideline Value for MULLAI NAGAR 10th STREET

₹8200/sq.ft.

The guideline value for Mullai Nagar 10th Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 8200 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8200 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mullai Nagar 10th Street

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MULLAI NAGAR 10th STREET guideline value

The current guideline value of MULLAI NAGAR 10th STREET is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of MULLAI NAGAR 10th STREET has changed

The guideline value for MULLAI NAGAR 10th STREET has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 7,500 per sq.ft in 2012. However, it decreased to Rs 5,025 per sq.ft in 2017 before rising again to Rs 7,500 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 8,200 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The 2023 to 2024 revision reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has increased by 369%.

Guideline values in Villivakkam

Villivakkam has a total of 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, positioning MULLAI NAGAR 10th STREET above this median.

Stamp duty and registration fee for property in MULLAI NAGAR 10th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total cost to Rs 7,38,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers MULLAI NAGAR 10th STREET?

The Sub Registrar Office that covers MULLAI NAGAR 10th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or registered, ensuring that the transaction is recorded accurately.

When you buy or sell property in this area, the guideline value will influence the stamp duty and registration fees you need to pay. It is crucial to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of MULLAI NAGAR 10th STREET?

The current guideline value of MULLAI NAGAR 10th STREET is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting various increases and a decrease in between. The overall increase from 2007 to 2024 is 369%.

What is the stamp duty for property in MULLAI NAGAR 10th STREET?

The stamp duty for property in MULLAI NAGAR 10th STREET is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000.

Where can I find the Sub Registrar Office for MULLAI NAGAR 10th STREET?

The Sub Registrar Office for MULLAI NAGAR 10th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office is part of the Villivakkam registration zone.

What is the land classification for MULLAI NAGAR 10th STREET?

The land classification for MULLAI NAGAR 10th STREET is Residential Class II Type - I, indicating its designated use for residential purposes.