Guideline Value for Muthuthirulandi Nagar 2nd Street

Muthuthirulandi Nagar 2nd Street guideline value

The current guideline value of Muthuthirulandi Nagar 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Muthuthirulandi Nagar 2nd Street has changed

The guideline value for Muthuthirulandi Nagar 2nd Street has seen significant changes over the years. The earliest recorded value was Rs 216 per sq.ft in 2003, which increased to Rs 300 per sq.ft in 2007. Following this, the value surged to Rs 1,072 per sq.ft in 2017, marking a rise of 257% from the previous revision. In 2023, the guideline value reached Rs 1,600 per sq.ft, and the most recent revision in 2024 set it at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Muthuthirulandi Nagar 2nd Street is below this median.

• Muthuthirulandi Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Muthuthirulandi Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Nagammal Nagar: Rs 2,350 per sq.ft (2024)
• Nagammal Nagar 1st Cross Street: Rs 2,350 per sq.ft (2024)
• Nagammal Nagar 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Nagammal Nagar Main Road: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuthirulandi Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total fees Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Muthuthirulandi Nagar 2nd Street?

The Muthuthirulandi Nagar 2nd Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Anakaputhur. It serves as a benchmark for calculating the fees, ensuring that all transactions are consistent with the official valuations set by the government.

When a property is sold, the guideline value helps in establishing a fair price for registration purposes. Buyers and sellers must be aware of these values to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Muthuthirulandi Nagar 2nd Street?

The current guideline value of Muthuthirulandi Nagar 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over the years.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for Muthuthirulandi Nagar 2nd Street?

The Pammal Sub Registrar Office handles registrations for Muthuthirulandi Nagar 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Muthuthirulandi Nagar 2nd Street?

Muthuthirulandi Nagar 2nd Street is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.