Guideline Value for Mullai Street

Mullai Street guideline value

The current guideline value of Mullai Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mullai Street has changed

The guideline value of Mullai Street has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, representing a significant increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for Mullai Street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Mullai Street is one of the streets under the jurisdiction of the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur for which guideline values are provided.

Stamp duty and registration fee for property in Mullai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Therefore, the total cost for stamp duty and registration would come to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mullai Street?

The Sub Registrar Office that covers Mullai Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Mullai Street?

The current guideline value of Mullai Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023.

What is the land classification for Mullai Street?

The land classification for Mullai Street is Residential Special Type - I.

What are the stamp duty and registration fees for properties in Mullai Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total cost for stamp duty and registration would be Rs 1,35,000.

Which office handles the registration for Mullai Street?

The Gooduvancheri Sub Registrar Office handles the registration for Mullai Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.