Guideline Value for Muthumarriamman Nagar Annex

Muthumarriamman Nagar Annex guideline value

The current guideline value for Muthumarriamman Nagar Annex is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Muthumarriamman Nagar Annex has changed

In the 2012 revision, the guideline value was Rs 3,600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 2,412 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 3,600 per sq.ft in the 2023 revision, and subsequently rose to Rs 3,960 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the current guideline value for Muthumarriamman Nagar Annex.

• Muthumarriamman Nagar: Rs 3,960 per sq.ft (2024)
• Narayanan Street: Rs 4,290 per sq.ft (2024)
• Mugalivakkam Road (Highways): Rs 4,290 per sq.ft (2024)
• M.S. Nagar: Rs 4,290 per sq.ft (2024)
• Navamani Street: Rs 3,520 per sq.ft (2024)
• Mount Poovai Salai: Rs 6,380 per sq.ft (2024)

Stamp duty and registration fee for property in Muthumarriamman Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthumarriamman Nagar Annex?

The Sub Registrar Office covering Muthumarriamman Nagar Annex is 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 Porur

The guideline value is a crucial factor during property registration in Porur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Muthumarriamman Nagar Annex?

The current guideline value of Muthumarriamman Nagar Annex is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: from Rs 3,600 in 2012 to Rs 2,412 in 2017, then back to Rs 3,600 in 2023, and finally to Rs 3,960 in 2024.

What is the land classification for Muthumarriamman Nagar Annex?

Muthumarriamman Nagar Annex is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Muthumarriamman Nagar Annex?

The Kunrathur Sub Registrar Office, which covers Muthumarriamman Nagar Annex, is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Muthumarriamman Nagar Annex?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200.