Guideline Value for Muthiriyar Street

Muthiriyar Street guideline value

The current guideline value of Muthiriyar Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Ulunthai village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Muthiriyar Street has changed

Looking back at the revisions, the guideline value for Muthiriyar Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years. In the 2017 revision, the value was Rs 100 per sq.ft, which represents a 50% increase from 2017 to 2023. The 2012 revision also had a guideline value of Rs 150 per sq.ft, showing a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 150 per sq.ft. The register does not have figures for Muthiriyar Street for the years 2002, 2003, and 2007.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft, with the median value being Rs 150 per sq.ft. Muthiriyar Street's 2024 figure aligns with this median.

• Nadu Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Mandhaiveli Street: Rs 150 per sq.ft (2024)
• Main Road: Rs 150 per sq.ft (2024)
• Palla Street: Rs 150 per sq.ft (2024)
• Pallikuda Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Muthiriyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Muthiriyar Street?

The Sub Registrar Office that covers Muthiriyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ulunthai. It serves as a benchmark for calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When buying or selling property in Ulunthai, it is important to be aware of the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure that they consider this value when negotiating sale prices or planning their budgets for property purchases.

Frequently asked questions

What is the current guideline value of Muthiriyar Street?

The current guideline value of Muthiriyar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a significant increase of 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What is the land classification for Muthiriyar Street?

Muthiriyar Street is classified as Residential Class II Type - I. This classification indicates the type of development and use permitted in this area.

Where can I find the Sub Registrar Office for Muthiriyar Street?

The Sub Registrar Office for Muthiriyar Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Muthiriyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%.