Guideline Value for MULLAI STREET

Mullai Street guideline value

The current guideline value of Mullai Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam Sub Registrar Office (SRO), classified as Residential Class IV Type - III.

How the guideline value of Mullai Street has changed

The guideline value of Mullai Street has seen several revisions over the years. Starting from Rs 511 per sq.ft in 2002, it increased to Rs 561 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 900 per sq.ft in 2007, which was a 60% increase from the previous revision. Following this, the 2012 revision set the value at Rs 3,500 per sq.ft, reflecting a substantial 289% increase from 2007.

The most recent revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, which is a 9% increase from the 2012 figure. It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Mullai Street's 2024 figure below this median.

• Murugappa Nagar: Rs 4,400 per sq.ft (2024)
• Murugesa Colony: Rs 5,800 per sq.ft (2024)
• Murugesa Street: Rs 5,800 per sq.ft (2024)
• Mooppan Maistry Street: Rs 4,400 per sq.ft (2024)
• Moopan Maistry 2 Nd Street: Rs 4,400 per sq.ft (2024)
• Moopan Maistry 1 St Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mullai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. 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 Mullai Street?

The Kodambakkam Sub Registrar Office covers Mullai Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions in Puliyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which aids in maintaining transparency in the real estate market. It is advisable for buyers and sellers to stay informed about the current guideline values in their respective areas.

Frequently asked questions

What is the current guideline value of Mullai Street?

The current guideline value of Mullai Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value of Mullai Street changed over the years?

The guideline value has increased from Rs 511 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 644% across the revisions.

What is the land classification for Mullai Street?

Mullai Street is classified as Residential Class IV Type - III under the Kodambakkam SRO.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur specific fees based on the calculated amounts.