Guideline Value for Mappedu Sellum Salai

Mappedu Sellum Salai guideline value

The current guideline value of Mappedu Sellum Salai is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mudhukoor village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Mappedu Sellum Salai has changed

The guideline value for Mappedu Sellum Salai has seen several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. In the 2012 revision, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased by 49%, returning to Rs 200 per sq.ft in 2023, which has remained the same in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft. The changes in the guideline value reflect a fluctuation in earlier years but have stabilized in recent revisions.

Guideline values in Mudhukoor

Mudhukoor village has a total of 29 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value is Rs 200 per sq.ft, which is the same as the current value for Mappedu Sellum Salai.

• Mansarovar Phase-I: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street: Rs 200 per sq.ft (2024)
• Melandai Vedhi: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mappedu Sellum Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mappedu Sellum Salai?

The Sub Registrar Office that covers Mappedu Sellum Salai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mudhukoor. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is registered, the higher value between the sale price and the guideline value is considered for calculating these 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 for Mappedu Sellum Salai?

The current guideline value for Mappedu Sellum Salai is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, with the most recent revisions showing no change from 2023 to 2024, maintaining a value of Rs 200 per sq.ft.

What is the land classification for Mappedu Sellum Salai?

Mappedu Sellum Salai is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Mappedu Sellum Salai?

The Sub Registrar Office for Mappedu Sellum Salai is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mudhukoor?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.