Guideline Value

Corporate

Guideline Value for Muthuramalingam 1st Lane

₹3080/sq.ft.

The guideline value for Muthuramalingam 1st Lane in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3080 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹3080 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Muthuramalingam 1st Lane

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Muthuramalingam 1st Lane guideline value

The current guideline value for Muthuramalingam 1st Lane in Ekkaduthangal village is Rs 3,080 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Muthuramalingam 1st Lane has changed

The guideline value for Muthuramalingam 1st Lane has seen several revisions over the years. In 2012, the value was Rs 2,800 per sq.ft, which then decreased to Rs 1,876 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,800 per sq.ft in 2023, and currently stands at Rs 3,080 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the value saw a decrease of 33% from the 2012 revision to the 2017 revision. Overall, comparing the 2012 and 2024 revisions, 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 Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. Muthuramalingam 1st Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Muthuramalingam 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total to Rs 2,77,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthuramalingam 1st Lane?

The Muthuramalingam 1st Lane falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

When buying or selling property in Ekkaduthangal, the guideline value is a critical factor used during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the state.

It is essential for buyers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Muthuramalingam 1st Lane?

The current guideline value of Muthuramalingam 1st Lane is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then to Rs 2,800 per sq.ft in 2023, and currently to Rs 3,080 per sq.ft in 2024.

What is the land classification for Muthuramalingam 1st Lane?

Muthuramalingam 1st Lane is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Muthuramalingam 1st Lane is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Muthuramalingam 1st Lane?

The Sub Registrar Office covering Muthuramalingam 1st Lane is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.