Guideline Value for Mullai Street(Iyappan nagar extn.)

Mullai Street(Iyappan nagar extn.) guideline value

The current guideline value of Mullai Street (Iyappan nagar extn.) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Mullai Street(Iyappan nagar extn.) has changed

The guideline value for Mullai Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012, marking a 300% rise. However, this value decreased to Rs 1,072 per sq.ft in 2017, a decline of 33% from the previous revision.

From 2017 to 2023, the guideline value rose sharply by 49% to reach Rs 1,600 per sq.ft. The most recent revision in 2024 has increased it further to Rs 1,700 per sq.ft, reflecting a 6% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Mullai Street's 2024 figure above that median.

• Mullai street: Rs 1,700 per sq.ft (2024)
• Mullai Nagar: Rs 1,100 per sq.ft (2024)
• M.S.Nagar: Rs 1,300 per sq.ft (2024)
• Murugan Koil 1st Cross Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Murugan Koil 2nd Cross Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Murugan Koil Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Mullai Street(Iyappan nagar extn.)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Mullai Street(Iyappan nagar extn.)?

The Sub Registrar Office that covers Mullai Street (Iyappan nagar extn.) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the minimum value recognized by the government.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure that they are aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Mullai Street(Iyappan nagar extn.)?

The current guideline value of Mullai Street (Iyappan nagar extn.) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, showing an overall increase of 325% across the years.

What is the land classification for Mullai Street?

Mullai Street (Iyappan nagar extn.) falls under the land classification of Residential Special Type - II.

Which office handles registrations for Mullai Street?

The Ambattur Sub Registrar Office handles registrations for Mullai Street (Iyappan nagar extn.).

How is stamp duty calculated for properties in Mullai Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,700 per sq.ft, the stamp duty would be Rs 1,19,000.