Guideline Value for MUTTUKADU ROAD

Muttukadu Road guideline value

The current guideline value of Muttukadu Road is Rs 12,650 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Muttukadu Road has changed

The guideline value for Muttukadu Road has seen several revisions over the years. In 2002, the value was Rs 1,269 per sq.ft, which increased to Rs 1,404 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 2,200 per sq.ft in 2007, reflecting a 57% increase. By 2012, the guideline value was Rs 11,500 per sq.ft, showing a substantial 423% increase from 2007. However, it dropped to Rs 7,705 per sq.ft in 2017, indicating a 33% decrease. The value increased again to Rs 11,500 per sq.ft in 2023, followed by a rise to the current rate of Rs 12,650 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 897%. The register has no figures for the years not mentioned in the provided data.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. Muttukadu Road's 2024 guideline value is above this median.

• Muthulakshmi Street / Salai: Rs 11,000 per sq.ft (2024)
• Natesan Street: Rs 7,150 per sq.ft (2024)
• Navabharath Colony: Rs 11,000 per sq.ft (2024)
• Navabharath Colony 1st Street: Rs 11,000 per sq.ft (2024)
• Navabharath Colony 2nd Street: Rs 11,000 per sq.ft (2024)
• Navalar Nedunchezhian Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Muttukadu Road

For a 1,000 sq.ft plot at the current rate of Rs 12,650 per sq.ft, the guideline value amounts to Rs 1,26,50,000. The stamp duty at 7% would be Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, totaling Rs 11,38,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muttukadu Road?

The Sub Registrar Office that covers Muttukadu Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thiruvanmiyur. It determines the minimum value at which a property can be registered, ensuring that both buyers and sellers are aware of the official valuation set by the government.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muttukadu Road?

The current guideline value of Muttukadu Road is Rs 12,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,269 per sq.ft in 2002 to Rs 12,650 per sq.ft in 2024, reflecting an overall increase of 897% over this period.

What is the classification of land on Muttukadu Road?

Muttukadu Road is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for Muttukadu Road?

The Sub Registrar Office for Muttukadu Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,26,50,000, the total fees would amount to Rs 11,38,500.