Guideline Value for Muthu Mugammadu Street (Muthu Nagar)

Muthu Mugammadu Street (Muthu Nagar) guideline value

The current guideline value of Muthu Mugammadu Street (Muthu Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Muthu Mugammadu Street (Muthu Nagar) has changed

The guideline value for Muthu Mugammadu Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value saw a substantial rise to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft from the 2024 revision, marking an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 225%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO carrying a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,800 per sq.ft, placing Muthu Mugammadu Street's 2024 figure above that median.

• Nadesan Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Building Society Colony 18th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Building Society Colony 19th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-Operative Building Society Colony 21st Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-Operative Building Society Colony 2nd Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-Operative Building Society Colony 3rd Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Mugammadu Street (Muthu Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these fees Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthu Mugammadu Street (Muthu Nagar)?

The Sub Registrar Office that covers Muthu Mugammadu Street (Muthu Nagar) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Ullagaram. It serves as a benchmark for calculating the stamp duty and registration fees that are required during the sale or purchase of property.

When a buyer or seller approaches the Sub Registrar Office, the guideline value is used to determine the official value of the property for registration purposes. This ensures that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Muthu Mugammadu Street?

The current guideline value of Muthu Mugammadu Street (Muthu Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,200 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 225% over the years.

What is the land classification for Muthu Mugammadu Street?

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

Where can I find the registration office for Muthu Mugammadu Street?

The registration office for Muthu Mugammadu Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for property in Muthu Mugammadu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 39,00,000 will incur a stamp duty of Rs 2,73,000 at 7%.