Guideline Value for MURUGAN KOIL ST

Murugan Koil St guideline value

The current guideline value of Murugan Koil St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Murugan Koil St has changed

The guideline value for Murugan Koil St has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, an increase from Rs 700 per sq.ft in 2023, marking a change of +7%. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, indicating a significant increase of +49% to the 2023 figure. The overall change from 2017 to 2024 reflects an increase of +60%.

It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is the same as the guideline value for Murugan Koil St.

• Murugesan Nagar 1st Main Road & Street: Rs 1,200 per sq.ft (2024)
• Muthaiya Lay Out Road & Streets: Rs 440 per sq.ft (2024)
• M.T.H.ROAD to RAILWAY STATION ROAD: Rs 840 per sq.ft (2024)
• M.T.H.Road: Rs 1,210 per sq.ft (2024)
• Muthamizh Nagar: Rs 750 per sq.ft (2024)
• Moovandar Nagar & Streets: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Murugan Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Murugan Koil St?

The Sub Registrar Office that covers Murugan Koil St is the Avadi Sub Registrar Office. The address is 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 Thiruninravur-A

The guideline value is an essential factor in property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the registration process is transparent and standardized.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, making it crucial to understand the current rates before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Murugan Koil St?

The current guideline value of Murugan Koil St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 750 per sq.ft in 2024. This reflects a total increase of +60% from 2017 to 2024.

What is the land classification of Murugan Koil St?

Murugan Koil St is classified as Residential Class II Type - III, indicating its designation for residential purposes.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Murugan Koil St?

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