Guideline Value for Muthamman koil street

Muthamman koil street guideline value

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

How the guideline value of Muthamman koil street has changed

The guideline value for Muthamman koil street has seen several revisions over the years. The earliest recorded value was Rs 1,200 per sq.ft in 2007. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 275%. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,500 per sq.ft in 2023 and has now reached Rs 4,900 per sq.ft in 2024, reflecting a 9% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 308%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram village has a total of 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 value of Muthamman koil street.

• Muthamman koil lane: Rs 4,900 per sq.ft (2024)
• Muthamman Nagar: Rs 4,400 per sq.ft (2024)
• Muthamman koil Ist lane: Rs 4,900 per sq.ft (2024)
• Muthamman koil 2nd lane: Rs 4,900 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 street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 4,41,000. 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 street?

The Sub Registrar Office that covers Muthamman koil street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 essential for property transactions in Ayanavaram, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership.

It is important to note that the stamp duty is charged based on the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthamman koil street?

The current guideline value of Muthamman koil street 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 from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What are the stamp duty and registration fees for properties in Muthamman koil street?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,41,000.

Where is the Sub Registrar Office for Muthamman koil street?

The Sub Registrar Office for Muthamman koil street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Muthamman koil street?

Muthamman koil street is classified as Residential Class I Type - III under the guideline value register.