Guideline Value for MUTHURAMALINGA SETHUPATHY SALAI(1ST CROSS ST) (WARD -8)

Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8) guideline value

The current guideline value for Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8) has changed

The guideline value for Muthuramalinga Sethupathy Salai(1st Cross St) has seen several revisions over the years. In the 2012 revision, the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. 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 Panangottur

In Panangottur, there are a total of 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, placing Muthuramalinga Sethupathy Salai(1st Cross St) above this median at Rs 1,320 per sq.ft.

• Muthu Nagar Kattankilathur (Ward -17): Rs 550 per sq.ft (2024)
• Muthumari Street (Kr): Rs 660 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -2): Rs 1,320 per sq.ft (2024)
• Nagavalliamman Koil Street(Ward -8): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, together totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8)?

The Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8) falls under 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 Panangottur

The guideline value is a crucial reference point when buying or selling property in Panangottur. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When a property transaction occurs, the guideline value acts as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in real estate transactions within the region.

Frequently asked questions

What is the current guideline value for Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8)?

The current guideline value for Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8)?

The land classification for Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8) is Residential Special Type - V.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value or sale price.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.