Guideline Value for Mishin School Street

Mishin School Street guideline value

The current guideline value of Mishin School Street is Rs 1,500 per sq.ft. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Mishin School Street has changed

The guideline value for Mishin School Street has undergone several revisions over the years. In 2007, the value was Rs 147 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, there was a significant drop to Rs 536 per sq.ft in 2017. From 2017 to 2023, the value rose dramatically to Rs 1,500 per sq.ft, remaining unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. The overall increase from the 2007 revision to the 2024 revision is an impressive 920%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 800 per sq.ft, placing Mishin School Street's 2024 figure above this median.

• Midhuan Garden: Rs 300 per sq.ft (2024)
• M.G.R. Nagar: Rs 700 per sq.ft (2024)
• M.P.Nagar: Rs 700 per sq.ft (2024)
• Mettu Street: Rs 1,000 per sq.ft (2024)
• Mugamadhiyar sandhu: Rs 1,500 per sq.ft (2024)
• Mettu Kalani: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Mishin School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mishin School Street?

The Sub Registrar Office that covers Mishin School Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property, either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Mishin School Street?

The current guideline value of Mishin School Street is Rs 1,500 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 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 920%.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,500 per sq.ft would incur a total fee of Rs 1,35,000.

Which office handles property registrations for Mishin School Street?

The Uthiramerur Sub Registrar Office handles property registrations for Mishin School Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the land classification of Mishin School Street?

Mishin School Street is classified as Commercial Class I Type - I, which indicates its commercial use and value in the area.