Guideline Value for MURUGAN KOIL ST

Murugan Koil St guideline value

The current guideline value of Murugan Koil St in Thiruninravur-B village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls 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 2017 revision set the value at Rs 469 per sq.ft, which was then increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the value to Rs 770 per sq.ft, marking a change of +10% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The substantial increase from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024 reflects a +49% rise from 2017 to 2023, followed by the recent adjustment.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the current guideline value of Murugan Koil St.

• Murugesan Nagar 1st Main Road & Street: Rs 870 per sq.ft (2024)
• Muthaiya Lay Out Road & Streets: Rs 440 per sq.ft (2024)
• M.T.H.ROAD to RAILWAY STATION ROAD: Rs 870 per sq.ft (2024)
• M.T.H.Road: Rs 870 per sq.ft (2024)
• Muthamizh Nagar: Rs 770 per sq.ft (2024)
• Moovandar Nagar & Streets: Rs 870 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that 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 Murugan Koil St?

The Sub Registrar Office that covers Murugan Koil 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 Thiruninravur-B

The guideline value is a crucial factor in property transactions as it determines the stamp duty and registration fees applicable during the buying or selling process. When registering a property, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the costs involved.

Additionally, the guideline value helps in establishing a baseline for property transactions in the area, providing transparency and clarity in the real estate market. It is essential for buyers and sellers to be familiar with the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Murugan Koil St?

The current guideline value of Murugan Koil St is Rs 770 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 now to Rs 770 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the classification of Murugan Koil St?

Murugan Koil St is classified as Residential Class II Type - III under the Avadi SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are based on the guideline value.

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

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