Guideline Value for Murugappa Pollytechnic street

Murugappa Pollytechnic street guideline value

The current guideline value of Murugappa Pollytechnic street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Murugappa Pollytechnic street has changed

The guideline value for Murugappa Pollytechnic street has undergone several revisions over the years. The earliest recorded figure was Rs 175 per sq.ft in 2003, which increased to Rs 200 per sq.ft in 2007, marking a 14% rise. By 2012, the value jumped dramatically to Rs 2,200 per sq.ft, reflecting a significant increase of 1000%. However, this value saw a decline to Rs 1,474 per sq.ft in the 2017 revision, a decrease of 33% compared to the previous figure.

As of the 2024 revision, the guideline value has risen to Rs 2,400 per sq.ft, which is a 63% increase from the 2017 figure. Overall, from the 2003 revision to the current 2024 revision, the guideline value has increased by 1271%. It is important to note that there are no recorded figures for the years 2023 and 2002 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have 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, which is the same as the current value for Murugappa Pollytechnic street.

• Murugappa Colony: Rs 2,400 per sq.ft (2024)
• Murugan Koil Street(srinagar colony): Rs 2,700 per sq.ft (2024)
• Murugan Koil Avenue (Srinagar Colony): Rs 2,700 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 Murugappa Pollytechnic street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost for these fees Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Murugappa Pollytechnic street?

The Sub Registrar Office that covers Murugappa Pollytechnic 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 Thirumullaivoyal

The guideline value plays a crucial role during the registration of property transactions in Thirumullaivoyal. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. The registration process ensures that the transaction is officially documented, providing legal protection to both parties involved.

Frequently asked questions

What is the current guideline value of Murugappa Pollytechnic street?

The current guideline value of Murugappa Pollytechnic street is Rs 2,400 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 175 per sq.ft in 2003 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1271% over this period.

What is the classification of land on Murugappa Pollytechnic street?

The land classification for Murugappa Pollytechnic street is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Murugappa Pollytechnic street?

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

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.