Guideline Value

Corporate

Guideline Value for MUTHUKRISHNAN ST

₹990/sq.ft.

The guideline value for Muthukrishnan St in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Muthukrishnan St

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Muthukrishnan St guideline value

The current guideline value of Muthukrishnan St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Muthukrishnan St has changed

Over the years, the guideline value for Muthukrishnan St has undergone several revisions. The earliest registered figure is from 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. The 2023 revision saw an increase to Rs 900 per sq.ft, and the most recent revision in 2024 has set the value at Rs 990 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no registered figures for Muthukrishnan St in the years 2002, 2003, and 2007.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, which is the same as the current value for Muthukrishnan St.

Stamp duty and registration fee for property in Muthukrishnan St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty, calculated at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthukrishnan St?

The Sub Registrar Office that covers Muthukrishnan St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is crucial to consider the guideline value, as it can affect the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, impacting the total financial commitment involved in the purchase.

Frequently asked questions

What is the current guideline value for Muthukrishnan St?

The current guideline value for Muthukrishnan St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 900 per sq.ft in 2012, decreased to Rs 603 per sq.ft in 2017, increased to Rs 900 per sq.ft in 2023, and is now Rs 990 per sq.ft in 2024.

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

Other streets in Paleripattu with the same guideline value of Rs 990 per sq.ft include Nakkeeran, M.P.S.St, Neelamegam St, N.S.K.1st Main Road, and N.S.K.Street.

What are the stamp duty and registration fees for properties in Muthukrishnan St?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Avadi?

The Avadi Sub Registrar Office handles property registrations in Avadi, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.