Guideline Value for Muthumari Amman Koil Street

Muthumari Amman Koil Street guideline value

The current guideline value of Muthumari Amman Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Muthumari Amman Koil Street has changed

The guideline value for Muthumari Amman Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly by 400% to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased by 33% to Rs 670 per sq.ft. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and this figure remains unchanged in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for Muthumari Amman Koil Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 670 to Rs 3,000 per sq.ft. The median value among these streets is Rs 1,000 per sq.ft, which aligns with the 2024 figure for Muthumari Amman Koil Street.

• Muthammal Nagar: Rs 1,493 per sq.ft (2024)
• Murugathal Nagar: Rs 1,000 per sq.ft (2024)
• Murugadoss Nagar: Rs 1,000 per sq.ft (2024)
• Nanjil Nagar-I,II: Rs 1,000 per sq.ft (2024)
• Moorthi Nagar: Rs 1,000 per sq.ft (2024)
• Nedunsalai Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumari Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Muthumari Amman Koil Street?

The Sub Registrar Office that covers Muthumari Amman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Adhanoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is compliant with the state's regulations.

When buying or selling property, the guideline value ensures transparency and standardization in the property market. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthumari Amman Koil Street?

The current guideline value of Muthumari Amman Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft since 2023.

What is the registration office for Muthumari Amman Koil Street?

The registration office for Muthumari Amman Koil Street is the Gooduvancheri Sub Registrar Office, located on Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202.

How is stamp duty calculated for properties in Muthumari Amman Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft would incur a stamp duty of Rs 70,000.

What are the other streets in Adhanoor with similar guideline values?

Other streets in Adhanoor with similar guideline values include Murugathal Nagar, Murugadoss Nagar, Nanjil Nagar-I,II, Moorthi Nagar, and Nedunsalai Nagar, all at Rs 1,000 per sq.ft for 2024.