Guideline Value for Muthuthirulandi Nagar 3rd Street

Muthuthirulandi Nagar 3rd Street guideline value

The current guideline value of Muthuthirulandi Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Muthuthirulandi Nagar 3rd Street has changed

The guideline value for Muthuthirulandi Nagar 3rd Street has seen significant changes over the years. In 2003, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,072 per sq.ft in 2017, marking an increase of 257% from the previous revision. The value then rose to Rs 1,600 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 1,760 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 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 carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Muthuthirulandi Nagar 3rd Street's 2024 figure below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthuthirulandi Nagar 3rd Street?

The Muthuthirulandi Nagar 3rd 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 plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during the registration process. The guideline value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Muthuthirulandi Nagar 3rd Street?

The current guideline value of Muthuthirulandi Nagar 3rd 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 increased from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over this period.

What is the stamp duty for property in Muthuthirulandi Nagar 3rd Street?

The stamp duty for property in Muthuthirulandi Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Muthuthirulandi Nagar 3rd Street?

The Muthuthirulandi Nagar 3rd Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the other streets in Anakaputhur with similar guideline values?

Other streets in Anakaputhur with a guideline value of Rs 1,760 per sq.ft include Muthuthirulandi Nagar 1st Street and Muthuthirulandi Nagar 2nd Street, both carrying the same value for 2024.