Guideline Value for Muthuallamman Koil 1st Cross Street

Muthuallamman Koil 1st Cross Street guideline value

The current guideline value of Muthuallamman Koil 1st Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Muthuallamman Koil 1st Cross Street has changed

The guideline value for Muthuallamman Koil 1st Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,100 per sq.ft. This value remained the same until the next revision in 2017, where it dropped to Rs 737 per sq.ft. Following that, the value increased significantly to Rs 1,100 per sq.ft in 2023, before rising again to Rs 1,200 per sq.ft in 2024.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and then by 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is equal to the current guideline value of Muthuallamman Koil 1st Cross Street.

• Muthuallamman Koil 1st Street: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 2nd Cross Street: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 2nd Street: Rs 1,200 per sq.ft (2024)
• Nadaipathai Street: Rs 1,200 per sq.ft (2024)
• Nadaipathai Street East: Rs 1,200 per sq.ft (2024)
• Nadaipathai Street Gangai Amman Koil Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuallamman Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, resulting in a total cost of Rs 1,08,000. 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 detailed calculations.

Which Sub Registrar Office covers Muthuallamman Koil 1st Cross Street?

The Muthuallamman Koil 1st Cross Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

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

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthuallamman Koil 1st Cross Street?

The current guideline value of Muthuallamman Koil 1st Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 in 2012 to Rs 737 in 2017, then back to Rs 1,100 in 2023, and finally to Rs 1,200 in 2024. The overall change from 2012 to 2024 is an increase of 9%.

What is the land classification of Muthuallamman Koil 1st Cross Street?

The land classification for Muthuallamman Koil 1st Cross Street is Residential Special Type - I.

Where can I find the registration office for Muthuallamman Koil 1st Cross Street?

The registration office for Muthuallamman Koil 1st Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Venkatapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.