Guideline Value for Muthalamman koil Street

Muthalamman koil Street guideline value

The current guideline value of Muthalamman koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Muthalamman koil Street has changed

The guideline value for Muthalamman koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 76 per sq.ft. This increased to Rs 84 per sq.ft in 2003, marking an 11% rise. The value then saw a significant increase to Rs 300 per sq.ft in 2007, which was a 257% increase. Following this, the value rose to Rs 1,100 per sq.ft in 2012, reflecting a 267% increase. However, it dropped to Rs 737 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 1,100 per sq.ft in 2023, showing a 49% rise. The most recent revision in 2024 set the value at Rs 1,200 per sq.ft, which is a 9% increase from the previous year.

There are no figures available for the revisions in years other than those specified. The overall change from 2002 to 2024 has been an increase of 1,479%.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, which is equal to the current value of Muthalamman koil Street.

• Muthalamman Nagar: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 1st Cross Street: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 1st Street: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 2nd Cross Street: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 2nd Street: Rs 1,200 per sq.ft (2024)
• Nadaipathai Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Muthalamman koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total amount for stamp duty and registration fee would be Rs 1,08,000. 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 detailed calculations.

Which Sub Registrar Office covers Muthalamman koil Street?

The Muthalamman koil 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 Venkatapuram

The guideline value plays a crucial role in the registration of properties in Venkatapuram. 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. This ensures that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the costs associated with property transactions. Proper understanding of these values can help in planning the financial aspects of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Muthalamman koil Street?

The current guideline value of Muthalamman koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 76 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, showing an overall increase of 1,479% over the years.

What is the registration fee and stamp duty for properties in Muthalamman koil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 12,00,000, the total stamp duty and registration fee would be Rs 1,08,000.

Which office handles the registration for Muthalamman koil Street?

The Kunrathur Sub Registrar Office handles the registration for Muthalamman koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Muthalamman koil Street?

The land classification for Muthalamman koil Street is Residential Special Type - I.