Guideline Value for Muthamman koil Ist lane

Muthamman koil Ist lane guideline value

The current guideline value for Muthamman koil Ist lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Muthamman koil Ist lane has changed

The guideline value for Muthamman koil Ist lane has seen significant changes over the years. In 2007, the value was Rs 1,000 per sq.ft, which rose dramatically to Rs 4,500 per sq.ft in 2012, reflecting an increase of 350%. However, the value decreased to Rs 3,015 per sq.ft in 2017, marking a decline of 33%. From 2017 to 2023, the value surged to Rs 4,500 per sq.ft, representing a substantial increase of 49%. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, a rise of 9% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 390%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which is the same as the guideline value for Muthamman koil Ist lane.

• Muthamman koil 2nd 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)
• Muthukumarappa Street & Nagar Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Muthamman koil Ist 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.

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

Which Sub Registrar Office covers Muthamman koil Ist lane?

The Sub Registrar Office that covers Muthamman koil Ist lane is the AnnaNagar 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 Ayanavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Muthamman koil Ist lane?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 4,900 per sq.ft in 2024, marking an overall increase of 390%.

What are the stamp duty rates for property in Muthamman koil Ist lane?

The stamp duty for property in Muthamman koil Ist lane is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Ayanavaram?

The AnnaNagar Sub Registrar Office handles property registrations in Ayanavaram, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to be aware of this value to understand the costs involved in the registration process.