Guideline Value for MUTHUMARI STREET (KR)

Muthumari Street (Kr) guideline value

The current guideline value of Muthumari Street (Kr) in Peramanoor village is Rs 661 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Muthumari Street (Kr) has changed

Over the years, the guideline value for Muthumari Street (Kr) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, followed by the latest revision in 2024, which raised it to Rs 661 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Muthumari Street (Kr) is below this median.

• Muthumariamman Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Muthu Nagar Kattankilathur (Ward -17): Rs 660 per sq.ft (2024)
• Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8): Rs 1,320 per sq.ft (2024)
• Murugan Sintigate (Sa): Rs 550 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -2): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumari Street (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty, calculated at 7%, would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. It is important to note that 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 Muthumari Street (Kr)?

The Sub Registrar Office that covers Muthumari Street (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthumari Street (Kr)?

The current guideline value of Muthumari Street (Kr) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being an increase from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024. The value has also fluctuated from Rs 600 in 2012 to Rs 402 in 2017 before rising again.

What is the land classification for Muthumari Street (Kr)?

Muthumari Street (Kr) is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

What are the other streets in Peramanoor and their guideline values?

Other streets in Peramanoor have guideline values ranging from Rs 550 to Rs 1,320 per sq.ft. Muthumari Street (Kr) is currently valued below the median of Rs 1,100 per sq.ft for the area.

Where can I find the Sub Registrar Office for Muthumari Street (Kr)?

The Chengleput Joint II Sub Registrar Office, which covers Muthumari Street (Kr), is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details about this office online.