Guideline Value for Muthallamman Kovil Street

Muthallamman Kovil Street guideline value

The current guideline value of Muthallamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Koozhangacheri village and falls under the Sunguvarchattram SRO. The land classification is Residential Class III Type - I.

How the guideline value of Muthallamman Kovil Street has changed

Over the years, the guideline value of Muthallamman Kovil Street has seen several revisions. The earliest available figure is from 2012, which was Rs 200 per sq.ft. In 2017, the guideline value decreased to Rs 134 per sq.ft, representing a drop of 33%. However, by the 2023 revision, the value increased to Rs 200 per sq.ft, marking a significant rise of 49% from the 2017 figure. The current figure remains unchanged from 2023 to 2024, with no percentage increase.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Muthallamman Kovil Street. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value. The values range from Rs 200 to Rs 1,200 per sq.ft, with a median value of Rs 226 per sq.ft. Muthallamman Kovil Street's 2024 guideline value is below this median.

• Navarathnapuri Phase - II: Rs 747 per sq.ft (2024)
• Navarthinapuri: Rs 400 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• New Mellaniam Nagar: Rs 226 per sq.ft (2024)
• Lenin Nagar: Rs 250 per sq.ft (2024)
• Lakshmi priya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Muthallamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthallamman Kovil Street?

The Muthallamman Kovil Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Koozhangacheri. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property’s assessed value.

During registration, the stamp duty is calculated based on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be levied on the sale price instead.

Frequently asked questions

What is the current guideline value of Muthallamman Kovil Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions. It decreased from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, before returning to Rs 200 per sq.ft in 2023.

What are the other streets in Koozhangacheri with their guideline values?

Other streets in Koozhangacheri have varying guideline values, with some streets like Navarathnapuri Phase - II at Rs 747 per sq.ft and others like Lakshmi priya Nagar at Rs 200 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Muthallamman Kovil Street?

The Sub Registrar Office covering Muthallamman Kovil Street is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Koozhangacheri?

The stamp duty for properties in Koozhangacheri is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 2,00,000, the stamp duty would be 7% of that amount.