Guideline Value for Muslim Street

Muslim Street guideline value

The current guideline value of Muslim Street in Kattupakkam village is Rs 2,090 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Muslim Street has changed

The guideline value for Muslim Street has seen several revisions over the years. In 2003, the value was Rs 192 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2012 revision brought it back to Rs 1,900 per sq.ft, but this was followed by a significant decrease to Rs 1,273 per sq.ft in 2017. The value then rose to Rs 1,900 per sq.ft in 2023 before reaching the current figure of Rs 2,090 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 82% from 2003 to 2007, followed by a remarkable 443% increase from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017, and then a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 989%.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value is Rs 2,090 per sq.ft, which is the same as the guideline value for Muslim Street.

• Murugappan Nagar: Rs 2,090 per sq.ft (2024)
• Murugan koil Street: Rs 3,520 per sq.ft (2024)
• M.S.S. Nagar: Rs 3,520 per sq.ft (2024)
• M.S.R. Nagar: Rs 2,090 per sq.ft (2024)
• M.S. Nagar: Rs 2,090 per sq.ft (2024)
• M.R.V. Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muslim Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, totaling Rs 1,88,100. 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 details.

Which Sub Registrar Office covers Muslim Street?

The Muslim Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kattupakkam. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Muslim Street?

The current guideline value of Muslim Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 192 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 989% over this period.

What are the stamp duty rates for properties in Muslim Street?

The stamp duty rate for properties in Muslim Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Kattupakkam?

The median guideline value for streets in Kattupakkam is Rs 2,090 per sq.ft, which is the same as the guideline value for Muslim Street.