Guideline Value for MUTHU MUDALI STREET

Muthu Mudali Street guideline value

The current guideline value of Muthu Mudali Street is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Muthu Mudali Street has changed

The guideline value of Muthu Mudali Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft, which increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a decline of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, reflecting an increase of 49%. The most recent revision in 2024 set the value at Rs 6,500 per sq.ft, an increase of 8% from the previous year.

It is important to note that the register has no figures for Muthu Mudali Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 261%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, positioning Muthu Mudali Street's 2024 figure above this median.

• Muthu Naicken Street: Rs 6,500 per sq.ft (2024)
• Muthu Gramani Street: Rs 6,500 per sq.ft (2024)
• Muthiyalu Naicken Street: Rs 6,500 per sq.ft (2024)
• Muthiyalu Chetty Street: Rs 6,500 per sq.ft (2024)
• Naina Mohhamed Rowther Street: Rs 4,900 per sq.ft (2024)
• Nainiappa Naicken Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value amounts to Rs 65,00,000. The stamp duty at 7% would be Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total to Rs 5,85,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Muthu Mudali Street?

The Sub Registrar Office that covers Muthu Mudali Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Muthu Mudali Street?

The current guideline value of Muthu Mudali Street is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2024, marking an overall increase of 261% over the years.

What are the other streets with the same guideline value in Purasaivakkam?

Other streets in Purasaivakkam with the same guideline value of Rs 6,500 per sq.ft include Muthu Naicken Street, Muthu Gramani Street, Muthiyalu Naicken Street, and Muthiyalu Chetty Street.

What is the stamp duty rate for property in Muthu Mudali Street?

The stamp duty rate for property transactions in Muthu Mudali Street is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Muthu Mudali Street?

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