Guideline Value for Muthu Mohammed Street

Muthu Mohammed Street guideline value

The current guideline value of Muthu Mohammed Street is Rs 1,650 per sq.ft. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Muthu Mohammed Street has changed

The guideline value register shows that there are no figures for Muthu Mohammed Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,650 per sq.ft, effective from 1 July 2024.

Since the 2024 revision is the only figure available, there have been no changes between revisions for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median of Rs 2,750 per sq.ft. The guideline value of Muthu Mohammed Street is below this median.

• Muthu Kumaran Road: Rs 1,650 per sq.ft (2024)
• Mylai Kabaleeswarar Colony layout: Rs 3,850 per sq.ft (2024)
• Mylai Kabaleeswarar Colony layout 1st Street: Rs 3,850 per sq.ft (2024)
• Mylai Kabaleeswarar Colony layout 2nd Street: Rs 3,850 per sq.ft (2024)
• Mylai Karpagambal Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Mylai Karpagambal Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mohammed Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthu Mohammed Street?

The Sub Registrar Office that covers Muthu Mohammed Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration of property transactions. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When buying or selling property in Madipakkam-1, the guideline value is essential for calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Muthu Mohammed Street?

The current guideline value of Muthu Mohammed Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

What is the land classification for Muthu Mohammed Street?

Muthu Mohammed Street falls under the Residential Class II Type - II land classification.

Have there been any changes in the guideline value for Muthu Mohammed Street?

There have been no changes in the guideline value for Muthu Mohammed Street, as the only available figure is from the 2024 revision at Rs 1,650 per sq.ft.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Muthu Mohammed Street?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 1,48,500.