Guideline Value for MUTHULINGA DEVAR STREET (WARD-21)

Muthulinga Devar Street (Ward-21) guideline value

The current guideline value of Muthulinga Devar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Muthulinga Devar Street (Ward-21) has changed

The guideline value for Muthulinga Devar Street has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the next revision in 2017, when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased to Rs 600 per sq.ft in 2023, followed by a rise to Rs 660 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the values from 2012 to 2024, there has been a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Muthulinga Devar Street's 2024 figure below that median.

• Nandhakumar Street, Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Narasimman Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• Narasimman Street (Ward-21): Rs 660 per sq.ft (2024)
• Mooppanar Street (Ward-20): Rs 881 per sq.ft (2024)
• Moogambigai Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Neenjili Amman Koil Stret (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Muthulinga Devar Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthulinga Devar Street (Ward-21)?

The Sub Registrar Office that covers Muthulinga Devar Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process of property transactions in Thailavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transfers.

When buying or selling property, it is crucial to understand that the guideline value reflects the minimum price at which the property can be registered. Buyers should be aware that the stamp duty and registration fees will be calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Muthulinga Devar Street (Ward-21)?

The current guideline value of Muthulinga Devar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Muthulinga Devar Street (Ward-21)?

The land classification for Muthulinga Devar Street (Ward-21) is Residential Class II Type - I.

What are the stamp duty and registration fees for property in Muthulinga Devar Street (Ward-21)?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty at 7% is Rs 46,200, and the registration fee at 2% is Rs 13,200, totaling Rs 59,400.

Where can I find the Sub Registrar Office for Muthulinga Devar Street (Ward-21)?

The Sub Registrar Office for Muthulinga Devar Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.