Guideline Value for Muthalamman Koil Street(Moovender Colony) Block 62, 63

Muthalamman Koil Street(Moovender Colony) Block 62, 63 guideline value

The current guideline value of Muthalamman Koil Street(Moovender Colony) Block 62, 63 is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Muthalamman Koil Street(Moovender Colony) Block 62, 63 has changed

The guideline value has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 2,470 per sq.ft. This figure increased significantly by 123% to Rs 5,500 per sq.ft in 2012. However, the value then decreased by 33% to Rs 3,685 per sq.ft in 2017. The most recent revision in 2024 has seen a substantial increase of 63%, bringing the guideline value to Rs 6,000 per sq.ft.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 143%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Muthalamman Koil Street(Moovender Colony) Block 62, 63 above this median.

• Muthalamman Koil Extn: Rs 6,000 per sq.ft (2024)
• Murugesan Street Block 78: Rs 4,900 per sq.ft (2024)
• Murugesa Naicker Colony Block 79: Rs 4,100 per sq.ft (2024)
• Murugan Street(Kodambakkam Salai): Rs 5,500 per sq.ft (2024)
• Murugan Store RoadS.No. 349/1 Part: Rs 2,200 per sq.ft (2024)
• Murthy Street Extension: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Muthalamman Koil Street(Moovender Colony) Block 62, 63

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees together to Rs 5,40,000. 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 more details.

Which Sub Registrar Office covers Muthalamman Koil Street(Moovender Colony) Block 62, 63?

The Muthalamman Koil Street(Moovender Colony) Block 62, 63 falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and is updated periodically to reflect market conditions.

When buying or selling property, it is essential to be aware of the current guideline value as it directly influences the costs associated with the transaction. Buyers should ensure they are informed about the guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Muthalamman Koil Street(Moovender Colony) Block 62, 63?

The current guideline value of Muthalamman Koil Street(Moovender Colony) Block 62, 63 is Rs 6,000 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,470 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, marking an overall increase of 143% over the years.

What is the land classification for this street?

Muthalamman Koil Street(Moovender Colony) Block 62, 63 is classified under Residential Class II Type - III.

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

The Ashok Nagar Sub Registrar Office covers Muthalamman Koil Street(Moovender Colony) Block 62, 63, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 60,00,000, the stamp duty at 7% would be Rs 4,20,000.