Guideline Value for MUTHAMIZH STREET

Muthamizh Street guideline value

The current guideline value of Muthamizh Street in Perambur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Purasaivakkam SRO and is classified as Residential Class IV Type - I.

How the guideline value of Muthamizh Street has changed

The guideline value for Muthamizh Street has seen significant changes over the years. In 2003, the value was Rs 369 per sq.ft, which increased to Rs 500 per sq.ft in 2007, marking a 36% rise. By 2017, the value further escalated to Rs 1,340 per sq.ft, representing a substantial 168% increase from the previous revision. However, there are no figures available for the years 2002 and 2012.

From 2017 to 2023, the guideline value rose to Rs 2,000 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a 10% increase from 2023. Overall, the guideline value has increased by 496% from 2003 to 2024.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Muthamizh Street's current value below this median.

• Muthu Kumaraswamy Street: Rs 3,200 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,600 per sq.ft (2024)
• Muthu Mudali Street: Rs 4,400 per sq.ft (2024)
• Nacharammal Lane: Rs 3,200 per sq.ft (2024)
• Nacharammal Street: Rs 3,200 per sq.ft (2024)
• Nagammaiyar Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamizh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthamizh Street?

The Sub Registrar Office covering Muthamizh Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perambur. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential to be aware that the guideline value may differ from the actual sale price. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthamizh Street?

The current guideline value of Muthamizh Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 369 per sq.ft to Rs 2,200 per sq.ft in 2024, showing an overall increase of 496%.

Where can I find the registration office for Muthamizh Street?

The registration office for Muthamizh Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for properties on Muthamizh Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

How do I calculate the stamp duty and registration fees?

You can use the stamp duty and registration fee calculator to determine the fees based on the guideline value or sale price.