Guideline Value for Muthumari Amman Koil Street

Muthumari Amman Koil Street guideline value

The current guideline value of Muthumari Amman Koil Street is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is 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. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. However, the 2017 revision saw a decrease to Rs 804 per sq.ft, which was a decline of 33%. The most recent 2023 revision returned the value to Rs 1,200 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 100%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Muthumari Amman Koil Street's guideline value is Rs 1,200 per sq.ft, which is a significant figure for property transactions in the area.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the 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, totaling Rs 1,08,000 for the transaction. It is crucial to note that stamp duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Urapakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government collects appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure that they are prepared to pay the necessary stamp duty and registration fees based on this value.

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 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Muthumari Amman Koil Street?

The land classification for Muthumari Amman Koil Street is Residential Special Type - I.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current guideline value of Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles property registrations for Muthumari Amman Koil Street?

The Gooduvancheri Sub Registrar Office handles property registrations for Muthumari Amman Koil Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.