Guideline Value for MULLAI NAGAR

Mullai Nagar guideline value

The current guideline value of Mullai Nagar, located in Vilvarayanalloor village under the Madurandakam SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Mullai Nagar has changed

The guideline value for Mullai Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 40 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017. From 2017 to 2023, the value rose by 49% to reach Rs 200 per sq.ft, which has remained unchanged through the 2024 revision.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Vilvarayanalloor

In Vilvarayanalloor, there are 23 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Mullai Nagar aligns with this median.

• Mullai Nagar Extension -III: Rs 200 per sq.ft (2024)
• Mullai Nagar II: Rs 200 per sq.ft (2024)
• Malligai Nagar: Rs 200 per sq.ft (2024)
• Poonguzhali Amman Nagar: Rs 200 per sq.ft (2024)
• Prakash Park .. Malini Garden: Rs 200 per sq.ft (2024)
• Ramalingam Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mullai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mullai Nagar?

The Sub Registrar Office that covers Mullai Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Vilvarayanalloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mullai Nagar?

The current guideline value of Mullai Nagar is Rs 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 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and then increased to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Vilvarayanalloor with the same guideline value?

Other streets in Vilvarayanalloor with a guideline value of Rs 200 per sq.ft include Mullai Nagar Extension -III, Mullai Nagar II, Malligai Nagar, Poonguzhali Amman Nagar, Prakash Park .. Malini Garden, and Ramalingam Nagar.

How is the stamp duty calculated for properties in Mullai Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for Mullai Nagar?

The Sub Registrar Office for Mullai Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.