Guideline Value for MURUGESA COLONY

Murugesa Colony guideline value

The current guideline value of Murugesa Colony, located in Puliyur village under the Kodambakkam SRO, is Rs 5,800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Murugesa Colony has changed

The guideline value for Murugesa Colony has seen significant revisions over the years. In 2007, the guideline value was Rs 1,650 per sq.ft. This figure increased dramatically to Rs 5,300 per sq.ft in 2012, marking a change of +221%. The value remained unchanged at Rs 5,300 per sq.ft until the 2023 revision, which set it at Rs 5,800 per sq.ft, reflecting an increase of +9% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +252%, culminating in the current rate of Rs 5,800 per sq.ft. It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which aligns with the current value for Murugesa Colony.

• Murugesa Street: Rs 5,800 per sq.ft (2024)
• Murugappa Nagar: Rs 4,400 per sq.ft (2024)
• Mullai Street: Rs 3,800 per sq.ft (2024)
• Muthu Irulandi Colony 1 St Cross Street: Rs 3,800 per sq.ft (2024)
• Muthu Irulandi Colony 1 St Street: Rs 3,800 per sq.ft (2024)
• Muthu Irulandi Colony 2 Nd Cross Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Murugesa Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance in calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Murugesa Colony?

The Sub Registrar Office that covers Murugesa Colony is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Murugesa Colony?

The current guideline value of Murugesa Colony is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking an overall increase of +252%.

What is the land classification for Murugesa Colony?

Murugesa Colony falls under the Residential Class I Type - I land classification.

Which Sub Registrar Office should I visit for transactions in Murugesa Colony?

The Kodambakkam Sub Registrar Office is responsible for transactions in Murugesa Colony, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated in Murugesa Colony?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 5,22,000.