Guideline Value for Murugan Koil Avenue (Srinagar Colony)

Murugan Koil Avenue (Srinagar Colony) guideline value

The current guideline value of Murugan Koil Avenue (Srinagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Murugan Koil Avenue (Srinagar Colony) has changed

The guideline value for Murugan Koil Avenue was revised in 2012 to Rs 2,500 per sq.ft. The recent 2024 revision has increased this value to Rs 2,700 per sq.ft, marking an increase of 8% from the previous figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which means the 2024 guideline value of Murugan Koil Avenue is above this median.

• Murugan Koil Street(srinagar colony): Rs 2,700 per sq.ft (2024)
• Murugappa Colony: Rs 2,400 per sq.ft (2024)
• Murugappa Pollytechnic street: Rs 2,400 per sq.ft (2024)
• Mullai Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Mullai Nagar Extn: Rs 1,300 per sq.ft (2024)
• Mullai Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Murugan Koil Avenue (Srinagar Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Murugan Koil Avenue (Srinagar Colony)?

The Sub Registrar Office that covers Murugan Koil Avenue (Srinagar Colony) is the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Murugan Koil Avenue?

The current guideline value of Murugan Koil Avenue (Srinagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 2,500 per sq.ft in 2012 and increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft. The guideline value for Murugan Koil Avenue is above this median.

What fees are associated with buying property in Murugan Koil Avenue?

When buying property in Murugan Koil Avenue, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Murugan Koil Avenue?

The Sub Registrar Office for Murugan Koil Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.