Guideline Value for Mudichur Road

Mudichur Road guideline value

The current guideline value of Mudichur Road in Varadarajapuram village, under the Padappai SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This classification falls under Commercial Class I Type - I.

How the guideline value of Mudichur Road has changed

The guideline value for Mudichur Road has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the value significantly increased to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Looking at the changes, the jump from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023 represents a substantial increase of 49%. The decrease from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017 was a decline of 33%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Mudichur Road is above this median.

• Mullai Nagar: Rs 990 per sq.ft (2024)
• Mullai Nagarr: Rs 990 per sq.ft (2024)
• Muthu Murugan Nagar: Rs 990 per sq.ft (2024)
• Mv Generation Mgr Nagar: Rs 3,370 per sq.ft (2024)
• Naduveerapattu - Tambaram Road: Rs 1,650 per sq.ft (2024)
• Metro Paradise Town: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mudichur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mudichur Road?

The Mudichur Road is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value will influence the total cost of registration, ensuring that the fees are calculated accurately based on the established values. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Mudichur Road?

The current guideline value of Mudichur Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Mudichur Road?

The land classification for Mudichur Road is Commercial Class I Type - I.

What are the other streets in Varadarajapuram with their guideline values?

Other streets in Varadarajapuram include Mullai Nagar, Mullai Nagarr, Muthu Murugan Nagar, Mv Generation Mgr Nagar, Naduveerapattu - Tambaram Road, and Metro Paradise Town, with values ranging from Rs 990 to Rs 3,370 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Mudichur Road?

The Sub Registrar Office covering Mudichur Road is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.