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Guideline Value

Corporate

Guideline Value for Muthialamman Koil Street

₹220/sq.ft.

The guideline value for Muthialamman Koil Street in Sothupuruampedu village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupuruampedu

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Muthialamman Koil Street

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Muthialamman Koil Street guideline value

The current guideline value of Muthialamman Koil Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Sothupuruampedu village and falls under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Muthialamman Koil Street has changed

The guideline value for Muthialamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2007, with a guideline value of Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012, representing a 100% rise. However, in 2017, the value dropped to Rs 134 per sq.ft, a decrease of 33%. The value then saw a significant increase to Rs 200 per sq.ft in 2023, followed by another rise to Rs 220 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 120%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Sothupuruampedu

In Sothupuruampedu village, there are 15 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 110 to Rs 500 per sq.ft, with a median value of Rs 220 per sq.ft. Muthialamman Koil Street's current guideline value aligns with this median.

Stamp duty and registration fee for property in Muthialamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. 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 further calculations.

Which Sub Registrar Office covers Muthialamman Koil Street?

The Sub Registrar Office that covers Muthialamman Koil Street is the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Sothupuruampedu, as it determines the minimum value at which a property can be registered. This value is used to calculate applicable stamp duty and registration fees, ensuring that transactions are conducted transparently and fairly.

When a buyer approaches the registration office, the guideline value helps in assessing the financial obligations related to the property transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthialamman Koil Street?

The current guideline value of Muthialamman Koil Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the stamp duty for property in Muthialamman Koil Street?

The stamp duty for property in Muthialamman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Muthialamman Koil Street?

The Sub Registrar Office for Muthialamman Koil Street is located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Sothupuruampedu with similar guideline values?

Other streets in Sothupuruampedu include Lakshimiamman Koil Street, Kammaavarpalayam Street, and Sai Nagar, all with a guideline value of Rs 220 per sq.ft in 2024.