Guideline Value for Muthulinga Mudali Street

Muthulinga Mudali Street guideline value

The current guideline value of Muthulinga Mudali Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Muthulinga Mudali Street has changed

The guideline value for Muthulinga Mudali Street has undergone several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. However, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value range from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, indicating that Muthulinga Mudali Street's 2024 figure is below this median.

• Muthumariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Muthamil Street: Rs 1,100 per sq.ft (2024)
• Muthalamman Koil Street: Rs 2,900 per sq.ft (2024)
• Muthuramalingam Devar Street: Rs 1,800 per sq.ft (2024)
• Murugesan Street: Rs 850 per sq.ft (2024)
• Murugesan Nagar: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Muthulinga Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Muthulinga Mudali Street?

The Sub Registrar Office that covers Muthulinga Mudali Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthulinga Mudali Street?

The current guideline value of Muthulinga Mudali Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of Muthulinga Mudali Street?

Muthulinga Mudali Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office located for Muthulinga Mudali Street?

The Sub Registrar Office for Muthulinga Mudali Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.