Guideline Value for Mugamadhiyar sandhu

Mugamadhiyar sandhu guideline value

The current guideline value of Mugamadhiyar sandhu is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Mugamadhiyar sandhu has changed

The guideline value for Mugamadhiyar sandhu has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 147 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, followed by a substantial rise to Rs 536 per sq.ft in the 2017 revision. However, there is no figure available for this street in the 2003 and 2002 revisions. The 2023 revision maintained the guideline value at Rs 1,500 per sq.ft, which remained unchanged in the 2024 revision.

Overall, the guideline value has increased from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking a total increase of 920%. The most significant change occurred between 2012 and 2017, where the value decreased by 33%, followed by a remarkable increase of 180% from 2017 to 2023.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Mugamadhiyar sandhu's 2024 figure above that median.

• M.P.Nagar: Rs 700 per sq.ft (2024)
• Muththuppillaiyar Koil Street: Rs 1,500 per sq.ft (2024)
• Muthukrishna Avenue: Rs 900 per sq.ft (2024)
• Mishin School Street: Rs 1,500 per sq.ft (2024)
• Midhuan Garden: Rs 300 per sq.ft (2024)
• M.G.R. Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Mugamadhiyar sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost Rs 1,35,000. It is important to note that the 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.

Which Sub Registrar Office covers Mugamadhiyar sandhu?

The Sub Registrar Office that covers Mugamadhiyar sandhu is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is equal to or higher than the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Mugamadhiyar sandhu?

The current guideline value of Mugamadhiyar sandhu is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, with various revisions in between. Notably, the value saw a decrease from 2012 to 2017 before increasing again.

What is the classification of land in Mugamadhiyar sandhu?

Mugamadhiyar sandhu is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Uthiramerur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000.