Guideline Value for Murugan Street

Murugan Street guideline value

The current guideline value of Murugan Street in Urapakkam village is Rs 1,200 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Murugan Street has changed

The guideline value of Murugan Street has seen several revisions over the years. In the 2007 revision, the value was Rs 550 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a rise of 118%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 1,200 per sq.ft, resulting in an increase of 49% from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. However, Murugan Street is a key location within this area. Below are the other streets in Urapakkam:

Stamp duty and registration fee for property in Murugan Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 further assistance.

Which Sub Registrar Office covers Murugan Street?

The Gooduvancheri Sub Registrar Office covers Murugan Street. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Urapakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official value set by the registration department.

When buying or selling property, the guideline value helps to determine the minimum price at which property can be registered. This ensures transparency in property transactions and helps in standardizing property values across the region.

Frequently asked questions

What is the current guideline value of Murugan Street?

The current guideline value of Murugan Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Murugan Street?

Murugan Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for properties on Murugan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 12,00,000, the stamp duty would be Rs 84,000.