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Guideline Value

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Guideline Value for MUTHU IRULANDI COLONY MAIN ROAD

₹3800/sq.ft.

The guideline value for Muthu Irulandi Colony Main Road in Vadaagaram village (Kodambakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaagaram

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Muthu Irulandi Colony Main Road

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Muthu Irulandi Colony Main Road guideline value

The current guideline value of Muthu Irulandi Colony Main Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village and falls under the Kodambakkam SRO with a land classification of Residential Class IV Type - II.

How the guideline value of Muthu Irulandi Colony Main Road has changed

Over the years, the guideline value of Muthu Irulandi Colony Main Road has seen significant changes. The 2007 revision set the value at Rs 900 per sq.ft, which then rose dramatically to Rs 3,500 per sq.ft in 2012, marking an increase of 289%. However, the value dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The 2023 revision brought it back up to Rs 3,500 per sq.ft, and the latest 2024 revision has increased it further to Rs 3,800 per sq.ft, reflecting a 9% rise.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 322%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vadaagaram

In Vadaagaram village, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which means that the guideline value of Muthu Irulandi Colony Main Road is below this median.

Stamp duty and registration fee for property in Muthu Irulandi Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, leading to a total of Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthu Irulandi Colony Main Road?

The Muthu Irulandi Colony Main Road falls under 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 Vadaagaram

The guideline value plays a crucial role in the registration process when buying or selling property in Vadaagaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the government and is updated periodically to reflect changes in the market.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Muthu Irulandi Colony Main Road?

The current guideline value of Muthu Irulandi Colony Main Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, representing an overall increase of 322% over the years.

What is the land classification for Muthu Irulandi Colony Main Road?

The land classification for Muthu Irulandi Colony Main Road is Residential Class IV Type - II.

Where can I find the registration office for Muthu Irulandi Colony?

The registration office for Muthu Irulandi Colony is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Vadaagaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.