Guideline Value for Muthuallamman Koil 1st Street

Muthuallamman Koil 1st Street guideline value

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

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

The guideline value for Muthuallamman Koil 1st Street has seen several revisions since 2012. In 2012, the guideline value was Rs 1,100 per sq.ft, which decreased to Rs 737 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,100 per sq.ft in 2023, and then to Rs 1,200 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. 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 figure, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median guideline value is Rs 1,200 per sq.ft, which is equal to the 2024 figure for Muthuallamman Koil 1st Street.

• Muthuallamman Koil 1st Cross 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 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, making the total cost Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthuallamman Koil 1st Street?

The Muthuallamman Koil 1st 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 property registration in Venkatapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to understand that the guideline value influences the stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Muthuallamman Koil 1st 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 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

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

Muthuallamman Koil 1st Street is classified as Residential Special Type - I.

What are the other streets in Venkatapuram with the same guideline value?

Other streets in Venkatapuram with a guideline value of Rs 1,200 per sq.ft include Muthuallamman Koil 1st Cross Street, Muthuallamman Koil 2nd Cross Street, Muthuallamman Koil 2nd Street, Nadaipathai Street, Nadaipathai Street East, and Nadaipathai Street Gangai Amman Koil Street.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about this office online.