Guideline Value for Mukkyyamman koil 1st lane

Mukkyyamman koil 1st lane guideline value

The current guideline value of Mukkyyamman koil 1st lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village, under the Periamet SRO, and is classified as Residential Class III Type - I.

How the guideline value of Mukkyyamman koil 1st lane has changed

The guideline value of Mukkyyamman koil 1st lane has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a 33% drop. The 2023 revision saw a substantial increase to Rs 3,000 per sq.ft, and the latest revision in 2024 set the value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a significant increase of 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Mukkyyamman koil 1st lane.

• Mukkiyamman Koil street: Rs 3,800 per sq.ft (2024)
• Mukkiyamman Koil II ndlane: Rs 2,500 per sq.ft (2024)
• Murthy street: Rs 4,400 per sq.ft (2024)
• Nagamani Mudali street: Rs 3,300 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Coovam River Side: Rs 2,500 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Fire Proof House: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mukkyyamman koil 1st lane

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 to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mukkyyamman koil 1st lane?

The Mukkyyamman koil 1st lane falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the financial obligations associated with the registration process. Buyers and sellers should ensure they are informed about the current rates to avoid any surprises during the transaction.

Frequently asked questions

What is the current guideline value of Mukkyyamman koil 1st lane?

The current guideline value of Mukkyyamman koil 1st lane 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 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450% over the years.

What are the stamp duty and registration fees for properties in Mukkyyamman koil 1st lane?

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Mukkyyamman koil 1st lane?

The Mukkyyamman koil 1st lane is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value for accurate financial planning.