Guideline Value for MUTHURULANDI COLONY1ST MAIN ROAD

Muthurulandi Colony1st Main Road guideline value

The current guideline value for Muthurulandi Colony1st Main Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class IV Type - III land classification.

How the guideline value of Muthurulandi Colony1st Main Road has changed

The guideline value for Muthurulandi Colony1st Main Road has seen several revisions over the years. The earliest recorded figure was Rs 900 per sq.ft in 2007, which significantly increased to Rs 3,500 per sq.ft in 2012. There was no recorded figure for the years 2002, 2003, and 2017. The value remained unchanged at Rs 3,500 per sq.ft until the 2023 revision, which raised it to Rs 3,800 per sq.ft, marking a 9% increase.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 322%. The guideline value saw a dramatic rise of 289% from Rs 900 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2012, but remained stable until the recent increase in 2023.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which means that Muthurulandi Colony1st Main Road's 2024 figure is below this median.

• Muthurulandi Colony: Rs 3,800 per sq.ft (2024)
• Muthurulandi Colony2nd Main Road: Rs 3,800 per sq.ft (2024)
• Muthu Thottam: Rs 3,800 per sq.ft (2024)
• MUTHUMANI STREET (Varadharajpet 3rd Street): Rs 3,800 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Muthurulandi Colony1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, together totaling Rs 3,42,000. It is important 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 detailed calculations.

Which Sub Registrar Office covers Muthurulandi Colony1st Main Road?

The Sub Registrar Office that covers Muthurulandi Colony1st Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Muthurulandi Colony1st Main Road?

The current guideline value of Muthurulandi Colony1st Main Road 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 increased from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 322%.

What are the stamp duty and registration fees for properties in this area?

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 is responsible for Muthurulandi Colony1st Main Road?

The Kodambakkam Sub Registrar Office is responsible for Muthurulandi Colony1st Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Muthurulandi Colony1st Main Road?

The land classification for Muthurulandi Colony1st Main Road is Residential Class IV Type - III.