Guideline Value for MUTHURULANDI COLONY

Muthurulandi Colony guideline value

The current guideline value of Muthurulandi Colony is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - III.

How the guideline value of Muthurulandi Colony has changed

The guideline value for Muthurulandi Colony has undergone several revisions over the years. In 2007, the guideline value was set at Rs 900 per sq.ft, which saw a significant increase to Rs 3,500 per sq.ft in 2012. However, this value decreased to Rs 2,345 per sq.ft in 2017. The most recent revision in 2024 raised the guideline value to Rs 3,800 per sq.ft, marking a 62% increase from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 322%. The register has no figures for the years 2023, 2003, and 2002 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. The median value for these streets is Rs 5,800 per sq.ft, placing Muthurulandi Colony's 2024 figure below the median.

• Muthurulandi Colony1st Main Road: 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 Colony

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, while the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthurulandi Colony?

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

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

The guideline value is an essential factor when registering property transactions in Puliyur. It determines the minimum value at which the property can be registered, impacting the stamp duty and registration fees payable at the time of the transaction.

Frequently asked questions

What is the current guideline value of Muthurulandi Colony?

The current guideline value of Muthurulandi Colony 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 various changes, increasing from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 322% since 2007.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Muthurulandi Colony's 2024 figure being below this median.

What are the stamp duty and registration fees in Muthurulandi Colony?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,42,000.

Which office handles registrations for Muthurulandi Colony?

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