Guideline Value for Mudichur Road(From Gandhi Road End To Perungalathur Boundary)

Mudichur Road(From Gandhi Road End To Perungalathur Boundary) guideline value

The current guideline value for Mudichur Road(From Gandhi Road End To Perungalathur Boundary) is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Mudichur Road(From Gandhi Road End To Perungalathur Boundary) has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was then reduced to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased to Rs 5,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, making the current guideline value of Rs 5,500 per sq.ft for this street notably above the median.

• Mudichur Road(From G.S.T Road to Kakkan Street): Rs 6,600 per sq.ft (2024)
• Mudichur Road(From Kakkan Street To Gandhi Road End): Rs 7,700 per sq.ft (2024)
• M.R. Chetty Street: Rs 1,320 per sq.ft (2024)
• Mullai Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Mullai Nagar (TNHB Colony): Rs 3,300 per sq.ft (2024)
• MoogambigaiNagar Ext: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mudichur Road(From Gandhi Road End To Perungalathur Boundary)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mudichur Road(From Gandhi Road End To Perungalathur Boundary)?

The Sub Registrar Office that covers Mudichur Road(From Gandhi Road End To Perungalathur Boundary) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mudichur Road(From Gandhi Road End To Perungalathur Boundary)?

The current guideline value for Mudichur Road(From Gandhi Road End To Perungalathur Boundary) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024. Overall, from 2012 to 2024, the value increased by 10%.

What is the land classification for this property?

This property is classified as Residential Special Type - I under the Tambaram Joint 1 SRO.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mudichur Road(From Gandhi Road End To Perungalathur Boundary) is located at No.26, Mes Road, East Tambaram, Chennai-600059.

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 55,00,000, the total stamp duty and registration fees would amount to Rs 4,95,000.