Guideline Value for Mullai street

Mullai street guideline value

The current guideline value of Mullai street in Ayappakkam village, under the Ambattur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Mullai street has changed

The guideline value for Mullai street has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 1,600 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 1,072 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 1,600 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,700 per sq.ft, reflecting a 6% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 325%. It is important to note that the register has no figures for Mullai street for the years 2002 and 2003.

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 this median.

• Mullai Street (Iyappan nagar extn.): 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

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

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

Which Sub Registrar Office covers Mullai street?

The Sub Registrar Office that covers Mullai street 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 plays a crucial role during the registration of property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Mullai street?

The current guideline value of Mullai street 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 significantly from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 325% over the years.

What is the land classification for Mullai street?

The land classification for Mullai street is Residential Special Type - II.

Where can I find the Sub Registrar Office for Mullai street?

The Ambattur Sub Registrar Office covers Mullai street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 1,53,000.