Guideline Value for MUSLIM STREET

Muslim Street guideline value

The current guideline value of Muslim Street in Tiruttani village, under the Thiruttani SRO, is Rs 825 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 Muslim Street has changed

In the 2017 revision, the guideline value for Muslim Street was Rs 502 per sq.ft. This figure increased significantly to Rs 750 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise further to Rs 825 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Muslim Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value is Rs 825 per sq.ft, which is equal to the guideline value of Muslim Street.

• Murugur: Rs 550 per sq.ft (2024)
• Murugappa Nagar Lane: Rs 550 per sq.ft (2024)
• Murugappa Nagar: Rs 988 per sq.ft (2024)
• M Subramaniam Stret: Rs 825 per sq.ft (2024)
• Nagari Road: Rs 770 per sq.ft (2024)
• Nallakulam Sterrt: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Muslim Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these charges to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muslim Street?

The Sub Registrar Office that covers Muslim Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

Frequently asked questions

What is the current guideline value of Muslim Street?

The current guideline value of Muslim Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty and registration fees for property on Muslim Street?

For a 1,000 sq.ft plot valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which Sub Registrar Office covers Muslim Street?

The Thiruttani Sub Registrar Office covers Muslim Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How can I find the guideline value for other streets in Tiruttani?

You can find the guideline values for other streets in Tiruttani by checking the Registration Department's guideline value register or visiting the Thiruttani SRO for detailed information.