Guideline Value for Muthiah Mudali Street

Muthiah Mudali Street guideline value

The current guideline value of Muthiah Mudali Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Muthiah Mudali Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. The most recent revision in 2024 increased the value to Rs 2,200 per sq.ft, reflecting a change of +10% from the previous figure. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

To summarize, the only revisions available for Muthiah Mudali Street are from 2012 and 2024, with the latter showing an increase. The absence of figures for the other years indicates that there were no changes recorded during those periods.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for the area is Rs 1,600 per sq.ft, positioning Muthiah Mudali Street's 2024 figure above that median.

• Muthiah Chetty Street: Rs 2,200 per sq.ft (2024)
• Muthiah Mudali Street 1st Lane: Rs 2,200 per sq.ft (2024)
• Muthappa Mudali Street: Rs 2,200 per sq.ft (2024)
• Muthiyalu Maistry Street: Rs 1,600 per sq.ft (2024)
• Murugesan Street: Rs 2,200 per sq.ft (2024)
• Nagooram Thottam 1st Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthiah Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthiah Mudali Street?

The Sub Registrar Office that covers Muthiah Mudali Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This is essential for both buyers and sellers to understand, as it directly impacts the financial aspects of the transaction.

Frequently asked questions

What is the current guideline value of Muthiah Mudali Street?

The current guideline value of Muthiah Mudali Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft. Muthiah Mudali Street's 2024 figure of Rs 2,200 per sq.ft is above this median.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Muthiah Mudali Street located?

The Sub Registrar Office for Muthiah Mudali Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.