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Guideline Value

Corporate

Guideline Value for MUTHURULANDI COLONY2ND MAIN ROAD

₹3800/sq.ft.

The guideline value for Muthurulandi Colony2nd Main Road in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Muthurulandi Colony2nd Main Road

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Muthurulandi Colony2nd Main Road guideline value

The current guideline value for Muthurulandi Colony2nd Main Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Muthurulandi Colony2nd Main Road has changed

In the 2007 revision, the guideline value was set at Rs 900 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 3,500 per sq.ft, marking a change of +289%. The 2023 revision maintained the value at Rs 3,500 per sq.ft, with no change from the previous revision. However, in the 2024 revision, the guideline value increased to Rs 3,800 per sq.ft, reflecting a change of +9% from 2023.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +322%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

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, with the median being Rs 5,800 per sq.ft. The guideline value for Muthurulandi Colony2nd Main Road is below this median.

Stamp duty and registration fee for property in Muthurulandi Colony2nd 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 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, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthurulandi Colony2nd Main Road?

The Muthurulandi Colony2nd Main Road is covered by 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 is a crucial factor in the registration process when buying or selling property in Puliyur. 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 to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Muthurulandi Colony2nd Main Road?

The current guideline value of Muthurulandi Colony2nd 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 seen several revisions, with the most significant increase occurring from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, which is an overall increase of +322%.

What is the stamp duty for property in Muthurulandi Colony2nd Main Road?

The stamp duty for property in Muthurulandi Colony2nd Main Road is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000.

Which Sub Registrar Office handles registrations for this area?

The Kodambakkam Sub Registrar Office handles registrations for Muthurulandi Colony2nd Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

Are there other streets in Puliyur with the same guideline value?

Yes, several other streets in Puliyur have the same guideline value of Rs 3,800 per sq.ft for 2024, including Muthurulandi Colony1st Main Road, Muthurulandi Colony, Muthu Thottam, MUTHUMANI STREET, and Muthu Irulandi Colony streets.