Guideline Value for Muthuranga Mudhali Street

Muthuranga Mudhali Street guideline value

The current guideline value of Muthuranga Mudhali Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Muthuranga Mudhali Street has changed

The guideline value for Muthuranga Mudhali Street has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 140%. However, in 2017, the value decreased to Rs 4,020 per sq.ft, reflecting a drop of 33%. The value then increased again to Rs 6,000 per sq.ft in 2023, before reaching the current figure of Rs 6,600 per sq.ft in 2024, a rise of 10% from the previous year.

There are no available figures for Muthuranga Mudhali Street in the revisions from 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 164%.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. Muthuranga Mudhali Street's 2024 guideline value is above this median.

• Muthurangam Street: Rs 6,600 per sq.ft (2024)
• Muthurangam Reddy Street: Rs 6,600 per sq.ft (2024)
• Muthumariamman Nagar: Rs 1,650 per sq.ft (2024)
• Nadhu Street: Rs 1,320 per sq.ft (2024)
• Muthulingam Street: Rs 2,200 per sq.ft (2024)
• Mullai Nagar (TNHB Colony): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuranga Mudhali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Muthuranga Mudhali Street?

The Sub Registrar Office that covers Muthuranga Mudhali Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Muthuranga Mudhali Street?

The current guideline value of Muthuranga Mudhali Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,500 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 164% over this period.

What are the stamp duty rates for properties in Muthuranga Mudhali Street?

The stamp duty for properties in Muthuranga Mudhali Street is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Which office handles property registrations in Tambaram?

The Tambaram Joint 1 Sub Registrar Office handles property registrations in Tambaram. It is located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Muthuranga Mudhali Street?

The land classification for Muthuranga Mudhali Street is Commercial Class I Type - II, which indicates its suitability for commercial activities.