Guideline Value for MUTHUKRISHNAN ST

Muthukrishnan St guideline value

The current guideline value of Muthukrishnan St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Muthukrishnan St has changed

Over the years, the guideline value of Muthukrishnan St has seen several revisions. The 2012 revision set the value at Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in the 2017 revision. Following this, the value increased to Rs 850 per sq.ft in the 2023 revision, and finally, it rose to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is the same as the current value for Muthukrishnan St.

• Muthukumaran Street: Rs 1,310 per sq.ft (2024)
• Nagarathinam Nagar: Rs 810 per sq.ft (2024)
• Nagavalli Amman Koil St: Rs 810 per sq.ft (2024)
• Nagavalli Amman St: Rs 810 per sq.ft (2024)
• Nakkeeran St: Rs 810 per sq.ft (2024)
• Nammalvar St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Muthukrishnan St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700. Together, the total cost for these fees would be Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthukrishnan St?

The Sub Registrar Office that covers Muthukrishnan St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on an official value set by the authorities.

When completing a property transaction, the guideline value helps to determine the legal and financial obligations of both the buyer and seller. It ensures transparency and fairness in the registration process, protecting the interests of all parties involved.

Frequently asked questions

What is the current guideline value of Muthukrishnan St?

The current guideline value of Muthukrishnan St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Muthukrishnan St?

Muthukrishnan St is classified as Residential Class II Type - II.

Where is the Avadi Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Muthukrishnan St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 65,450.