Guideline Value for Muththuppillaiyar Koil Street

Muththuppillaiyar Koil Street guideline value

The current guideline value of Muththuppillaiyar Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Muththuppillaiyar Koil Street has changed

The guideline value for Muththuppillaiyar Koil Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease of 33% to Rs 536 per sq.ft in the 2017 revision. From 2017 to 2023, the value surged by 180%, reaching Rs 1,500 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 920%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Muththuppillaiyar Koil Street's 2024 figure is above this median.

• Muthukrishna Avenue: Rs 900 per sq.ft (2024)
• Mugamadhiyar sandhu: Rs 1,500 per sq.ft (2024)
• Nalloor Kalani: Rs 700 per sq.ft (2024)
• Nalloor Kizhandai street: Rs 700 per sq.ft (2024)
• Nalloor Melandai Street: Rs 700 per sq.ft (2024)
• Naloor Kulakkarai: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Muththuppillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. 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 Muththuppillaiyar Koil Street?

The Sub Registrar Office that covers Muththuppillaiyar Koil Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Muththuppillaiyar Koil Street?

The current guideline value of Muththuppillaiyar Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 920% from 2007 to 2024.

What is the land classification for Muththuppillaiyar Koil Street?

Muththuppillaiyar Koil Street is classified as Commercial Class I Type - I.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Muththuppillaiyar Koil 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 15,00,000, the stamp duty would be Rs 1,05,000 at 7%.