Guideline Value for MURUGATHAMMAN KOIL STREET

Murugathamman Koil Street guideline value

The current guideline value of Murugathamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Murugathamman Koil Street has changed

The guideline value for Murugathamman Koil Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 99 per sq.ft. This increased to Rs 111 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 400 per sq.ft in 2007, an increase of 260%. In 2012, the guideline value remained at Rs 1,800 per sq.ft, showing no recorded change for that year. However, in 2017, it dropped to Rs 1,206 per sq.ft, a decrease of 33%. The most recent revisions show an increase to Rs 1,800 per sq.ft in 2023, followed by a further rise to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,900%. Notably, there are no figures available for the revisions between the years not listed in the register.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Murugathamman Koil Street's 2024 figure below this median.

• Murugathamman Koil 3rd Street: Rs 1,980 per sq.ft (2024)
• Murugathamman Koil 3rd Lane Street: Rs 1,980 per sq.ft (2024)
• Murugathamman Koil 3rd Lane Cross Street: Rs 1,980 per sq.ft (2024)
• Murugathamman Koil 3rd Lane Cross 2nd Street: Rs 1,980 per sq.ft (2024)
• Murugathamman Koil 2nd Street: Rs 1,980 per sq.ft (2024)
• Murugathamman Koil 2nd Main Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Murugathamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. 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 information.

Which Sub Registrar Office covers Murugathamman Koil Street?

The Sub Registrar Office that covers Murugathamman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the property is not undervalued during the transaction.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value can help you anticipate the costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of Murugathamman Koil Street?

The current guideline value of Murugathamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 99 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1,900% over the years.

What is the land classification of Murugathamman Koil Street?

Murugathamman Koil Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Murugathamman Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total cost would be Rs 1,78,200.