Guideline Value for Muthaal muthu raja 1st street

Muthaal muthu raja 1st street guideline value

The current guideline value of Muthaal muthu raja 1st street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Special Type - I.

How the guideline value of Muthaal muthu raja 1st street has changed

The guideline value for Muthaal muthu raja 1st street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, this value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 set the value at Rs 1,000 per sq.ft, followed by the current value of Rs 1,100 per sq.ft from 2024, reflecting a 10% increase.

There are no figures available for Muthaal muthu raja 1st street in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value is Rs 1,320 per sq.ft, placing Muthaal muthu raja 1st street's 2024 figure below this median.

• Muthuraja 2nd street: Rs 1,100 per sq.ft (2024)
• Muthuraja 3rd street: Rs 1,100 per sq.ft (2024)
• M.R.K Avenue: Rs 1,430 per sq.ft (2024)
• Nallaiththontheru: Rs 1,100 per sq.ft (2024)
• Nedunsalai mani's cafes Atheekenaru: Rs 1,100 per sq.ft (2024)
• Melandai madaveethi thulukallamman koil sandhut: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Muthaal muthu raja 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that 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 Muthaal muthu raja 1st street?

The Muthaal muthu raja 1st street falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirumazhisai, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthaal muthu raja 1st street?

The current guideline value of Muthaal muthu raja 1st street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 450% over the years.

What is the land classification for Muthaal muthu raja 1st street?

Muthaal muthu raja 1st street is classified as Residential Special Type - I.

What other streets have the same guideline value?

Other streets in Thirumazhisai, such as Muthuraja 2nd street and Muthuraja 3rd street, also have a guideline value of Rs 1,100 per sq.ft in 2024.

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

The Sub Registrar Office for Muthaal muthu raja 1st street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.