Guideline Value for Muthuswami North Street

Muthuswami North Street guideline value

The current guideline value of Muthuswami North Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Muthuswami North Street has changed

The guideline value for Muthuswami North Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. The value saw a significant increase to Rs 1,000 per sq.ft in 2023 and further rose to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, 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 Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Muthuswami North Street's 2024 figure is below this median.

• Muthuswami South Street: Rs 1,100 per sq.ft (2024)
• Muthuswami Street: Rs 1,650 per sq.ft (2024)
• Muthuswamy Cross st: Rs 1,320 per sq.ft (2024)
• Muthuswamy street ext(srinivasa nagar): Rs 1,650 per sq.ft (2024)
• Muthamil Street: Rs 2,200 per sq.ft (2024)
• Muthamil Ist Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuswami North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 details.

Which Sub Registrar Office covers Muthuswami North Street?

The Sub Registrar Office that covers Muthuswami North Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Peerklankaranai. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When you register a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Muthuswami North Street?

The current guideline value of Muthuswami North 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Muthuswami North Street?

The Tambaram Joint 1 Sub Registrar Office covers Muthuswami North Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

Where can I find more information about the guideline values in Peerklankaranai?

You can find more information about the guideline values in Peerklankaranai by checking the Registration Department's guideline value register or visiting the local Sub Registrar Office.