Guideline Value

Corporate

Guideline Value for MULLAI ST

₹1310/sq.ft.

The guideline value for Mullai St 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]

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Mullai St guideline value

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

How the guideline value of Mullai St has changed

Over the years, the guideline value of Mullai St has seen several revisions. The 2012 revision recorded a guideline value of Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,310 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Vilingiyambakkam

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

Stamp duty and registration fee for property in Mullai St

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

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

Which Sub Registrar Office covers Mullai St?

The Sub Registrar Office that covers Mullai St 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Additionally, the guideline value is essential for property valuation, ensuring that the transaction reflects the official rates set by the government. This helps maintain transparency and fairness in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Mullai St?

The current guideline value of Mullai St 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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft, with Mullai St's current value being above this median.

Where is the Avadi Sub Registrar Office located?

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

How is stamp duty calculated on property transactions?

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