Guideline Value for Muthukrishna Avenue

Muthukrishna Avenue guideline value

The current guideline value of Muthukrishna Avenue is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Muthukrishna Avenue has changed

The guideline value for Muthukrishna Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, from 2012 to 2017, the value decreased to Rs 603 per sq.ft, a reduction of 33%. The value then rose again to Rs 900 per sq.ft in 2023, and it remained unchanged at Rs 900 per sq.ft in the 2024 revision, indicating a 0% change between these two years. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this village is Rs 800 per sq.ft, placing Muthukrishna Avenue's 2024 figure above this median.

• Muththuppillaiyar Koil Street: Rs 1,500 per sq.ft (2024)
• Mugamadhiyar sandhu: Rs 1,500 per sq.ft (2024)
• Nalloor Kalani: Rs 700 per sq.ft (2024)
• Nalloor Kizhandai street: Rs 700 per sq.ft (2024)
• Nalloor Melandai Street: Rs 700 per sq.ft (2024)
• Naloor Kulakkarai: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Muthukrishna Avenue

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that 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 Muthukrishna Avenue?

The Sub Registrar Office that covers Muthukrishna Avenue is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the value of the property as determined by the local authorities. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Muthukrishna Avenue?

The current guideline value of Muthukrishna Avenue is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Muthukrishna Avenue's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Muthukrishna Avenue?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 81,000, based on the guideline value of Rs 9,00,000.

Which office handles property registrations for Muthukrishna Avenue?

The Uthiramerur Sub Registrar Office handles property registrations for Muthukrishna Avenue, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.