Guideline Value for MUTHUSAMY AVENUE ANNEXE

Muthusamy Avenue Annexe guideline value

The current guideline value of Muthusamy Avenue Annexe is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Muthusamy Avenue Annexe has changed

The guideline value for Muthusamy Avenue Annexe has seen several revisions over the years. In 2017, the value was Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, and Muthusamy Avenue Annexe's 2024 figure is above this median.

• Muthusamy Nagar: Rs 2,090 per sq.ft (2024)
• Murugan Nagar: Rs 2,090 per sq.ft (2024)
• Murugan Ambal Nagar: Rs 1,980 per sq.ft (2024)
• Narivanam Salai: Rs 2,090 per sq.ft (2024)
• Mohammed Ali Nagar: Rs 1,760 per sq.ft (2024)
• Mettu Street Ist Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthusamy Avenue Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that 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 Muthusamy Avenue Annexe?

The Muthusamy Avenue Annexe is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. 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 sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Muthusamy Avenue Annexe?

The current guideline value for Muthusamy Avenue Annexe is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for this street?

The Kunrathur Sub Registrar Office handles registrations for Muthusamy Avenue Annexe, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Muthusamy Avenue Annexe?

Muthusamy Avenue Annexe is classified as Residential Special Type - I, which is important for understanding its usage and potential development.