Guideline Value for Mudukoor Colony Part

Mudukoor Colony Part guideline value

The current guideline value of Mudukoor Colony Part in Mudhukoor village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Mudukoor Colony Part has changed

The guideline value of Mudukoor Colony Part has seen several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 134 per sq.ft. This figure was then increased to Rs 200 per sq.ft in the 2023 revision, maintaining the same value in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

Notably, the revisions for the years 2002, 2003, and 2007 have no figures listed for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 448 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Mudukoor Colony Part.

• M.S.R. Garden: Rs 448 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Narasamangalam Colony: Rs 200 per sq.ft (2024)
• Melandai Vedhi: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street: Rs 200 per sq.ft (2024)
• Mappedu Sellum Salai: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mudukoor Colony Part

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. 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 more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Mudukoor Colony Part?

The Mudukoor Colony Part is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Mudhukoor, as it is used to determine the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to calculate the necessary fees accurately.

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. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Mudukoor Colony Part?

The current guideline value of Mudukoor Colony Part is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and remaining the same in 2024.

What are the other streets in Mudhukoor and their guideline values?

Other streets in Mudhukoor have varying guideline values, with some streets like M.S.R. Garden at Rs 448 per sq.ft and others at Rs 200 per sq.ft, including Mettu Street, Narasamangalam Colony, Melandai Vedhi, Mariamman Kovil Street, and Mappedu Sellum Salai.

How is stamp duty calculated for properties in Mudukoor Colony Part?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a stamp duty of Rs 14,000.

Where can I find the Sub Registrar Office for Mudukoor Colony Part?

The Sub Registrar Office covering Mudukoor Colony Part is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.