Guideline Value

Corporate

Guideline Value for Muligi Street

₹400/sq.ft.

The guideline value for Muligi Street in Arani village (Arani_tiruvallur SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arani

Village

Arani_Tiruvallur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹98 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹88 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Muligi Street

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Muligi Street guideline value

The current guideline value of Muligi Street in Arani village, under the Arani_Tiruvallur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Muligi Street has changed

Since the year 2002, the guideline value of Muligi Street has seen several revisions. The 2002 revision set the value at Rs 88 per sq.ft, which increased to Rs 98 per sq.ft in 2003, marking a change of +11%. The value then rose significantly to Rs 150 per sq.ft in 2007, reflecting a +53% increase. The 2012 revision saw the guideline value remain at Rs 400 per sq.ft, which was a +167% increase from the previous figure. However, the value dropped to Rs 268 per sq.ft in 2017, indicating a decrease of -33%. The guideline value was revised to Rs 400 per sq.ft in 2023, and it remains the same in the 2024 revision, reflecting a change of +0%.

Overall, from 2002 to 2024, the guideline value has increased by +355%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Muligi Street's 2024 figure of Rs 400 per sq.ft is above this median.

Stamp duty and registration fee for property in Muligi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. It is important to note that 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 details.

Which Sub Registrar Office covers Muligi Street?

The Sub Registrar Office that covers Muligi Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Arani. It is used to determine the stamp duty and registration fees during the sale or purchase of property. Buyers should be aware that these charges are calculated based on the higher of the guideline value or the actual sale price.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. It is advisable for buyers and sellers to consider the guideline value when negotiating sale prices.

Frequently asked questions

What is the current guideline value of Muligi Street?

The current guideline value of Muligi Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 88 per sq.ft in 2002 to Rs 400 per sq.ft in 2024, showing an overall increase of +355% over the years.

What is the land classification for Muligi Street?

Muligi Street is classified as Residential Class II Type - I, which is important for understanding its usage and development potential.

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

The Sub Registrar Office for Muligi Street is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 4,00,000, the total charges would be Rs 36,000.