Guideline Value for MUTHUMANI STREET (Varadharajpet 3rd Street)

MUTHUMANI STREET (Varadharajpet 3rd Street) guideline value

The current guideline value of MUTHUMANI STREET (Varadharajpet 3rd Street) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - III.

How the guideline value of MUTHUMANI STREET (Varadharajpet 3rd Street) has changed

The guideline value for MUTHUMANI STREET has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,050 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a change of +233%. However, the value dropped to Rs 2,345 per sq.ft in the 2017 revision, reflecting a decrease of -33%. The most recent revision in 2024 has seen the value rise to Rs 3,800 per sq.ft, an increase of +62% from 2017.

It is important to note that there are no figures available for the years 2002, 2003, and 2023 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing MUTHUMANI STREET's 2024 value below that median.

• Muthu Irulandi Colony 3 Rd Cross Street: Rs 3,800 per sq.ft (2024)
• Muthu Irulandi Colony 2 Nd Street: Rs 3,800 per sq.ft (2024)
• Muthu Irulandi Colony 2 Nd Cross Street: Rs 3,800 per sq.ft (2024)
• Muthu Irulandi Colony 1 St Street: Rs 3,800 per sq.ft (2024)
• Muthu Irulandi Colony 1 St Cross Street: Rs 3,800 per sq.ft (2024)
• Muthurulandi Colony: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in MUTHUMANI STREET (Varadharajpet 3rd Street)

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the 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, making the total Rs 3,42,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers MUTHUMANI STREET (Varadharajpet 3rd Street)?

The Sub Registrar Office that covers MUTHUMANI STREET is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a critical factor during property registration in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process aligns with the established values in the area.

Frequently asked questions

What is the current guideline value of MUTHUMANI STREET?

The current guideline value of MUTHUMANI STREET (Varadharajpet 3rd 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 changed from Rs 1,050 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of +262% over this period.

What is the land classification of MUTHUMANI STREET?

MUTHUMANI STREET is classified as Residential Class IV Type - III under the Kodambakkam SRO.

What are the stamp duty and registration fees for a property in MUTHUMANI STREET?

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 Sub Registrar Office covers MUTHUMANI STREET?

The Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, covers MUTHUMANI STREET.