Guideline Value for MUTHURAM MUDALI STREET

Muthuram Mudali Street guideline value

The current guideline value of Muthuram Mudali Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Muthuram Mudali Street has changed

The guideline value for Muthuram Mudali Street has undergone several revisions over the years. In 2002, the value was Rs 898 per sq.ft, which increased to Rs 998 per sq.ft in 2003, marking an increase of 11%. The next revision in 2012 saw a significant jump to Rs 3,000 per sq.ft, reflecting an increase of 201% from the 2003 figure. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, a 10% increase from the 2012 value.

It is important to note that the register has no figures for the years 2007, 2017, and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 267%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Muthuram Mudali Street's guideline value is below this median.

• Muthurangam Street: Rs 8,800 per sq.ft (2024)
• Muthupandian Avenue: Rs 11,500 per sq.ft (2024)
• Muthu Street: Rs 8,800 per sq.ft (2024)
• Nachiyappan Street: Rs 8,800 per sq.ft (2024)
• Nadukuppam 1st Street: Rs 3,300 per sq.ft (2024)
• Nadukuppam 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuram Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthuram Mudali Street?

The Sub Registrar Office covering Muthuram Mudali Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is an essential reference when buying or selling property in Mylapore. It is used to determine the stamp duty and registration fees payable at the time of property registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official valuation set by the Registration Department. This process aids in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Muthuram Mudali Street?

The current guideline value of Muthuram Mudali Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 898 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 267%.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft, while Muthuram Mudali Street's value is below this median.

Where can I find the Sub Registrar Office for Muthuram Mudali Street?

The Mylapore Sub Registrar Office, which covers Muthuram Mudali Street, is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is stamp duty calculated for properties on Muthuram Mudali Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.