Guideline Value for Muduvu Street

Muduvu Street guideline value

The current guideline value of Muduvu Street is Rs 1,320 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Muduvu Street has changed

The guideline value for Muduvu Street has seen several revisions over the years. In the 2017 revision, the value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision set the guideline value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Notably, the overall change from 2017 to 2024 is an increase of 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Muduvu Street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Muduvu Street's 2024 guideline value is below this median.

• Mugambigai Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Mugambigai Nagar 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Mugambigai Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Mugambigai Nagar Dobigana Street: Rs 1,760 per sq.ft (2024)
• Mungil Lake (5th Street): Rs 1,760 per sq.ft (2024)
• Moorthy Nagar: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Muduvu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muduvu Street?

The Sub Registrar Office that covers Muduvu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

When buying or selling property in Anakaputhur, the guideline value is a crucial factor used during the registration process. It helps determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with legal requirements and helps in accurately assessing the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Muduvu Street?

The current guideline value of Muduvu Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, which is a total increase of 64% over the seven-year period.

What is the land classification for Muduvu Street?

Muduvu Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

How is stamp duty calculated for properties on Muduvu Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 92,400.

Where can I find the Sub Registrar Office for Muduvu Street?

The Sub Registrar Office for Muduvu Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the provided link.