Guideline Value for Mu.Ka Stalin Street

Mu.Ka Stalin Street guideline value

The current guideline value of Mu.Ka Stalin Street is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mu.Ka Stalin Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged in the subsequent revisions until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing the current guideline value back to Rs 1,500 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, maintaining the figure at Rs 1,500 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Therefore, Mu.Ka Stalin Street stands as the only reference for the guideline value in this area.

Stamp duty and registration fee for property in Mu.Ka Stalin Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, bringing the total to Rs 1,35,000. It is essential 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 Mu.Ka Stalin Street?

The Sub Registrar Office that covers Mu.Ka Stalin Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Vandalur. It serves as a benchmark for calculating the financial obligations associated with property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Mu.Ka Stalin Street?

The current guideline value of Mu.Ka Stalin Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 1,005 per sq.ft in 2017 and then an increase back to Rs 1,500 per sq.ft in 2023. Overall, there has been no change from the 2012 revision to the 2023 revision.

What is the land classification for Mu.Ka Stalin Street?

The land classification for Mu.Ka Stalin Street is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vandalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000.