Guideline Value for Muthamman koil 2nd lane

Muthamman koil 2nd lane guideline value

The current guideline value of Muthamman koil 2nd lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Muthamman koil 2nd lane has changed

The guideline value for Muthamman koil 2nd lane has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 534 per sq.ft. This increased to Rs 599 per sq.ft in 2003, followed by a significant jump to Rs 1,000 per sq.ft in 2007. The value then rose dramatically to Rs 4,500 per sq.ft in 2012, before decreasing to Rs 3,015 per sq.ft in 2017. The guideline value saw a substantial increase to Rs 4,500 per sq.ft in 2023, and finally, it has reached Rs 4,900 per sq.ft in the 2024 revision.

Between these revisions, notable changes include a +9% increase from 2023 to 2024, a +49% increase from 2017 to 2023, and a -33% decrease from 2012 to 2017. The value also experienced a +350% increase from 2007 to 2012, a +67% increase from 2003 to 2007, and a +12% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by +818%. There are no revisions with figures missing for this street.

Guideline values in Ayanavaram

Ayanavaram village has 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current guideline value of Muthamman koil 2nd lane.

• Muthamman koil Ist lane: Rs 4,900 per sq.ft (2024)
• Muthamman koil lane: Rs 4,900 per sq.ft (2024)
• Muthamman koil street: Rs 4,900 per sq.ft (2024)
• Muthamman Nagar: Rs 4,400 per sq.ft (2024)
• Muthukumarappa Nagar: Rs 4,400 per sq.ft (2024)
• Nagammal Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamman koil 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these charges Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthamman koil 2nd lane?

The Muthamman koil 2nd lane is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in property transactions in Ayanavaram. It serves as a basis for calculating stamp duty and registration fees when buying or selling property. This value is determined by the government and is updated periodically to reflect changes in the real estate market.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthamman koil 2nd lane?

The current guideline value of Muthamman koil 2nd lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 534 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, showing an overall increase of +818% over this period.

What is the land classification for Muthamman koil 2nd lane?

The land classification for Muthamman koil 2nd lane is Residential Class I Type - III.

What are the stamp duty and registration fees for this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Muthamman koil 2nd lane located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.