Guideline Value for Muthuraja 3rd street

Muthuraja 3rd street guideline value

The current guideline value of Muthuraja 3rd street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village under the Poonamallee SRO, classified as Residential Special Type - I.

How the guideline value of Muthuraja 3rd street has changed

The guideline value for Muthuraja 3rd street has undergone several revisions over the years. In 2003, the value was Rs 140 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The value saw a significant rise to Rs 1,000 per sq.ft in 2012, but then decreased to Rs 670 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

From 2017 to 2023, there was a 49% increase, while the jump from 2023 to 2024 is 10%. Notably, the value increased by 400% from 2007 to 2012 and by 43% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 686%. The register has no figure for this street in 2002.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value is Rs 1,320 per sq.ft, indicating that Muthuraja 3rd street's 2024 figure is below this median.

• Muthuraja 2nd street: Rs 1,100 per sq.ft (2024)
• Nallaiththontheru: Rs 1,100 per sq.ft (2024)
• Muthaal muthu raja 1st street: Rs 1,100 per sq.ft (2024)
• M.R.K Avenue: Rs 1,430 per sq.ft (2024)
• Nedunsalai mani's cafes Atheekenaru: Rs 1,100 per sq.ft (2024)
• New Blossom: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuraja 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthuraja 3rd street?

The Sub Registrar Office covering Muthuraja 3rd street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thirumazhisai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthuraja 3rd street?

The current guideline value of Muthuraja 3rd street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 686% over the years.

What is the land classification for Muthuraja 3rd street?

Muthuraja 3rd street is classified as Residential Special Type - I under the Poonamallee SRO.

What are the other streets with the same guideline value in Thirumazhisai?

Other streets in Thirumazhisai with a guideline value of Rs 1,100 per sq.ft in 2024 include Muthuraja 2nd street, Nallaiththontheru, Muthaal muthu raja 1st street, and Nedunsalai mani's cafes Atheekenaru.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees, including a calculator, by visiting the relevant section on our site.