Guideline Value for Muthalamman Koil 6th Street

Muthalamman Koil 6th Street guideline value

The current guideline value of Muthalamman Koil 6th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class V Type - III.

How the guideline value of Muthalamman Koil 6th Street has changed

The guideline value for Muthalamman Koil 6th Street has undergone several revisions over the years. The earliest available figure is from 2012, when the guideline value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, showing a decline of 33%. In 2023, the value increased to Rs 1,500 per sq.ft, and then further rose to Rs 1,700 per sq.ft in 2024, marking a 13% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 13%.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Muthalamman Koil 6th Street's 2024 guideline value is below this median.

• Muthalamman Koil 5th Street: Rs 1,700 per sq.ft (2024)
• Muthalamman Koil 7th Street: Rs 1,700 per sq.ft (2024)
• Muthalamman Koil 4th Street: Rs 1,700 per sq.ft (2024)
• Muthalamman Koil 8th Street: Rs 1,700 per sq.ft (2024)
• Muthalamman Koil 3rd Street: Rs 1,700 per sq.ft (2024)
• Muthalamman Koil 2nd Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Muthalamman Koil 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthalamman Koil 6th Street?

The Sub Registrar Office that covers Muthalamman Koil 6th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in assessing the official value of the property, which is necessary for legal documentation and compliance. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthalamman Koil 6th Street?

The current guideline value of Muthalamman Koil 6th Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of Muthalamman Koil 6th Street?

Muthalamman Koil 6th Street is classified as Residential Class V Type - III.

Where can I find the registration office for Muthalamman Koil 6th Street?

The registration office for Muthalamman Koil 6th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the stamp duty for a property on Muthalamman Koil 6th Street?

The stamp duty for a property valued at Rs 17,00,000 would be Rs 1,19,000, with a registration fee of Rs 34,000, totaling Rs 1,53,000.