Guideline Value for Murugan Koil Street(srinagar colony)

Murugan Koil Street(srinagar colony) guideline value

The current guideline value of Murugan Koil Street(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. The land classification for this area is Residential Special Type - II.

How the guideline value of Murugan Koil Street(srinagar colony) has changed

The guideline value for Murugan Koil Street(srinagar colony) has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This value saw a significant increase in 2012, rising to Rs 2,500 per sq.ft, marking a change of 525%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 8% from the 2012 figure.

There are no recorded figures for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 575%, reflecting substantial growth over this period.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Murugan Koil Street(srinagar colony) above this median.

• Murugan Koil Avenue (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 Street(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 be 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. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Murugan Koil Street(srinagar colony)?

The Sub Registrar Office covering Murugan Koil Street(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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Murugan Koil Street(srinagar colony)?

The current guideline value of Murugan Koil Street(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 has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 575% over this period.

What is the land classification for Murugan Koil Street(srinagar colony)?

The land classification for Murugan Koil Street(srinagar colony) is Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Ambattur Sub Registrar Office covers Murugan Koil Street(srinagar colony) and is 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 guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000.