Guideline Value for Mullai Nagar Extn II
₹2200/sq.ft.
The guideline value for Mullai Nagar Extn Ii in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Madambakkam
Village
Selaiyur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2200 /sq.ft. |
| From 1-4-2023 | N/A |
| From 9-6-2017 To 31-3-2023 | ₹1340 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Mullai Nagar Extn Ii
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Mullai Nagar Extn II guideline value
The current guideline value of Mullai Nagar Extn II is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this street is Residential Special Type - I.
How the guideline value of Mullai Nagar Extn II has changed
The guideline value for Mullai Nagar Extn II has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 2,200 per sq.ft, reflecting a significant rise of 64% from the 2017 figure.
Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.
Guideline values in Madambakkam
In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Mullai Nagar Extn II's 2024 figure below that median.
- Mullai Nagar Extn I: Rs 2,200 per sq.ft (2024)
- Mullai Nagar Extn Cross Street: Rs 2,200 per sq.ft (2024)
- Mullai Nagar Extn: Rs 2,200 per sq.ft (2024)
- Mullai Nagar Main Road: Rs 2,200 per sq.ft (2024)
- Mullai Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
- Mullai Nagar 1st Street: Rs 2,200 per sq.ft (2024)
Stamp duty and registration fee for property in Mullai Nagar Extn II
For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.
You can also use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Mullai Nagar Extn II?
The Sub Registrar Office that covers Mullai Nagar Extn II is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam
The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.
When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings.
Frequently asked questions
What is the current guideline value of Mullai Nagar Extn II?
The current guideline value of Mullai Nagar Extn II is Rs 2,200 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.
What are the stamp duty and registration fees for properties in this area?
For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.
Where is the Sub Registrar Office for Mullai Nagar Extn II located?
The Sub Registrar Office for Mullai Nagar Extn II is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
What is the land classification for Mullai Nagar Extn II?
The land classification for Mullai Nagar Extn II is Residential Special Type - I, indicating its designation for residential development.
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