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Guideline Value

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Guideline Value for MULLAI STREET (KAMARAJ STREET)

₹1310/sq.ft.

The guideline value for Mullai Street (kamaraj Street) in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1310 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1310 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Street (kamaraj Street)

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Mullai Street (Kamaraj Street) guideline value

The current guideline value of Mullai Street (Kamaraj Street) is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO with a land classification of Residential Class III Type - I.

How the guideline value of Mullai Street (Kamaraj Street) has changed

Over the years, the guideline value of Mullai Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then further rose to Rs 1,310 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a substantial increase of 49% from 2017 to 2023. The latest change from 2023 to 2024 reflects a 9% increase. Overall, the guideline value has increased by 9% from 2012 to 2024.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value in the village is Rs 935 per sq.ft, placing Mullai Street's 2024 figure above this median.

Stamp duty and registration fee for property in Mullai Street (Kamaraj Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total cost to Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mullai Street (Kamaraj Street)?

The Sub Registrar Office covering Mullai Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value helps both buyers and sellers understand the value of the property in question. It is essential for calculating the fees associated with the registration process, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Mullai Street (Kamaraj Street)?

The current guideline value of Mullai Street (Kamaraj Street) is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for Mullai Street (Kamaraj Street)?

The land classification for Mullai Street (Kamaraj Street) is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Mullai Street (Kamaraj Street)?

The Sub Registrar Office for Mullai Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,10,000, the stamp duty would be Rs 91,700 at a rate of 7%.