Guideline Value for Muthu Mari Amman Street

Muthu Mari Amman Street guideline value

The current guideline value of Muthu Mari Amman Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Muthu Mari Amman Street has changed

The guideline value for Muthu Mari Amman Street has seen several revisions over the years. In 2003, the guideline value was Rs 171 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following this, it rose to Rs 700 per sq.ft in 2012, before decreasing to Rs 469 per sq.ft in 2017. The value then significantly increased to Rs 700 per sq.ft in 2023, and finally, it reached Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 350%. The register has no figure for this street in 2002.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value is Rs 770 per sq.ft, which is the same as the current value for Muthu Mari Amman Street.

• Munuswamy Koil Street: Rs 770 per sq.ft (2024)
• Moovendhar Street: Rs 770 per sq.ft (2024)
• Nedunchezhiyan Street: Rs 770 per sq.ft (2024)
• Mondiamman Koil Street: Rs 1,320 per sq.ft (2024)
• Nehru Street: Rs 770 per sq.ft (2024)
• Nethaji Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mari Amman Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthu Mari Amman Street?

The Sub Registrar Office that covers Muthu Mari Amman Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Padiyanallur. It is used to calculate the stamp duty and registration fees, which are mandatory costs when transferring property ownership.

When you buy or sell property, the guideline value helps to establish the official value of the property for taxation purposes. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthu Mari Amman Street?

The current guideline value of Muthu Mari Amman Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 171 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 350% over this period.

What are the stamp duty and registration fees for property in Muthu Mari Amman Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 69,300, calculated based on the guideline value of Rs 7,70,000.

Which Sub Registrar Office covers Muthu Mari Amman Street?

The Redhills Sub Registrar Office covers Muthu Mari Amman Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Muthu Mari Amman Street?

Muthu Mari Amman Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.