Guideline Value for Muthiyalu Raja Street

Muthiyalu Raja Street guideline value

The current guideline value of Muthiyalu Raja Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Muthiyalu Raja Street has changed

The guideline value for Muthiyalu Raja Street has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017. The value then rose significantly to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, marking a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value in this area is Rs 6,100 per sq.ft, placing Muthiyalu Raja Street's current value below this median.

• Muthiyalu Naidu: Rs 6,100 per sq.ft (2024)
• Naidu 1st Cross Street: Rs 6,100 per sq.ft (2024)
• Naidu 1st Street: Rs 6,100 per sq.ft (2024)
• Naidu 2nd Cross Street: Rs 6,100 per sq.ft (2024)
• Murugappa Road: Rs 11,000 per sq.ft (2024)
• Naidu 2nd Street: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Muthiyalu Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthiyalu Raja Street?

The Sub Registrar Office covering Muthiyalu Raja Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Muthiyalu Raja Street?

The current guideline value of Muthiyalu Raja Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What is the median guideline value in Adayar?

The median guideline value in Adayar is Rs 6,100 per sq.ft, which is higher than the current value of Muthiyalu Raja Street.

What are the stamp duty rates for property in Muthiyalu Raja Street?

The stamp duty for property in Muthiyalu Raja Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.