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Guideline Value

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Guideline Value for Mudichur Road(From G.S.T Road to Kakkan Street)

₹6600/sq.ft.

The guideline value for Mudichur Road(from G.s.t Road To Kakkan Street) in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tambaram

Village

Tambaram Joint 1

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Mudichur Road(from G.s.t Road To Kakkan Street)

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Mudichur Road(From G.S.T Road to Kakkan Street) guideline value

The current guideline value of Mudichur Road(From G.S.T Road to Kakkan Street) is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Commercial Class I Type - II.

How the guideline value of Mudichur Road(From G.S.T Road to Kakkan Street) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the value was Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, there was a substantial increase of 49%, bringing the value up to Rs 6,000 per sq.ft. The latest revision in 2024 saw a further increase of 10%, setting the current guideline value at Rs 6,600 per sq.ft.

It is worth noting that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. 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 that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, indicating that Mudichur Road(From G.S.T Road to Kakkan Street) is above this median.

Stamp duty and registration fee for property in Mudichur Road(From G.S.T Road to Kakkan Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty is charged at 7%, which totals Rs 4,62,000, and the registration fee is 2%, amounting to Rs 1,32,000. Together, the total cost for these fees is Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mudichur Road(From G.S.T Road to Kakkan Street)?

The Sub Registrar Office that covers Mudichur Road(From G.S.T Road to Kakkan Street) 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 critical factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When you register a property, the guideline value will be compared with the sale price. The higher of the two values will be used to determine the applicable stamp duty and registration fees, which are mandatory for completing the transaction.

Frequently asked questions

What is the current guideline value of Mudichur Road(From G.S.T Road to Kakkan Street)?

The current guideline value of Mudichur Road(From G.S.T Road to Kakkan Street) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification for this road?

Mudichur Road(From G.S.T Road to Kakkan Street) is classified as Commercial Class I Type - II.

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

The Sub Registrar Office for Mudichur Road(From G.S.T Road to Kakkan Street) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at a rate of 7%.