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Guideline Value

Corporate

Guideline Value for MUTHU IRULANDI COLONY 2 ND CROSS STREET

₹3800/sq.ft.

The guideline value for Muthu Irulandi Colony 2 Nd Cross Street in Puliyur 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 - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class IV Type - III
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 N/A
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 2 Nd Cross Street

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Muthu Irulandi Colony 2 Nd Cross Street guideline value

The current guideline value of Muthu Irulandi Colony 2 Nd Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Muthu Irulandi Colony 2 Nd Cross Street has changed

The guideline value for Muthu Irulandi Colony 2 Nd Cross Street has seen several revisions over the years. The earliest recorded value was Rs 900 per sq.ft in 2007, which increased significantly to Rs 3,500 per sq.ft in both 2012 and 2023. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

There are no recorded figures for the revisions in 2017, 2003, and 2002 for this street. The change from 2007 to 2012 was a substantial increase of 289%, and the overall increase from 2007 to 2024 is 322%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Muthu Irulandi Colony 2 Nd Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Muthu Irulandi Colony 2 Nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthu Irulandi Colony 2 Nd Cross Street?

The Sub Registrar Office that covers Muthu Irulandi Colony 2 Nd Cross Street 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 critical factor in the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold, ensuring that the transaction is recorded at a fair value.

When you register a property, the guideline value is compared to the sale price, with the duty charged on the higher of the two. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Muthu Irulandi Colony 2 Nd Cross Street?

The current guideline value of Muthu Irulandi Colony 2 Nd Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles property registrations in Muthu Irulandi Colony?

The Kodambakkam Sub Registrar Office handles property registrations for Muthu Irulandi Colony 2 Nd Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for the 648 streets in Puliyur is Rs 5,800 per sq.ft, which is higher than the current value of Muthu Irulandi Colony 2 Nd Cross Street.