Guideline Value for Pathala Vinayagar Koil Street/Muthu Nagar Layout

Pathala Vinayagar Koil Street/Muthu Nagar Layout guideline value

The current guideline value for Pathala Vinayagar Koil Street/Muthu Nagar Layout is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pathala Vinayagar Koil Street/Muthu Nagar Layout has changed

The guideline value for Pathala Vinayagar Koil Street/Muthu Nagar Layout has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 298 per sq.ft. This increased to Rs 334 per sq.ft in 2003, reflecting a change of +12%. The value then rose dramatically to Rs 1,200 per sq.ft in 2007, marking an increase of +259%.

In the 2012 revision, the value was recorded at Rs 3,500 per sq.ft, which was a decrease of -33% from the previous figure. The 2017 revision saw a substantial increase to Rs 2,345 per sq.ft, representing a +49% change. The most recent 2023 revision set the guideline value at Rs 3,500 per sq.ft, which then rose to Rs 3,900 per sq.ft in 2024, an increase of +11%.

Guideline values in Ullagaram

Ullagaram village has a total of 298 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,800 per sq.ft, placing Pathala Vinayagar Koil Street/Muthu Nagar Layout's 2024 figure above that median.

• Pazhaniyadiyamman Koil Street: Rs 2,200 per sq.ft (2024)
• Parthiban Street main: Rs 2,800 per sq.ft (2024)
• Parthiban Cross Street: Rs 2,800 per sq.ft (2024)
• Periyar Street: Rs 2,200 per sq.ft (2024)
• Perumal 1st Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pathala Vinayagar Koil Street/Muthu Nagar Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these fees Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pathala Vinayagar Koil Street/Muthu Nagar Layout?

The Sub Registrar Office that covers Pathala Vinayagar Koil Street/Muthu Nagar Layout is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ullagaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is a reference point for property transactions. It ensures that the transaction is recorded at a value that is recognized by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for Pathala Vinayagar Koil Street/Muthu Nagar Layout?

The current guideline value for Pathala Vinayagar Koil Street/Muthu Nagar Layout is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 298 in 2002 to Rs 3,900 in 2024, reflecting an overall increase of +1209% over this period.

What is the land classification for this area?

The land classification for Pathala Vinayagar Koil Street/Muthu Nagar Layout is Residential Class I Type - III.

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

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, these fees would total Rs 3,51,000 based on the current guideline value.

Where can I find the Sub Registrar Office for this location?

The Alandur Sub Registrar Office covers Pathala Vinayagar Koil Street/Muthu Nagar Layout and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.