Guideline Value for RAJA MUTHAIAHPURAM (TNSCB FIRE PROOF

Raja Muthaiahpuram (Tnscb Fire Proof guideline value

The current guideline value of Raja Muthaiahpuram (Tnscb Fire Proof) is Rs 7,700 per sq.ft, effective from 1 July 2024. This area falls under Mylapore village, governed by the Mylapore Sub Registrar Office (SRO), and is classified as Residential Class IV Type - II.

How the guideline value of Raja Muthaiahpuram (Tnscb Fire Proof has changed

The guideline value for Raja Muthaiahpuram has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 7,000 per sq.ft. Prior to that, the value remained unchanged from 2012 to 2023 at Rs 7,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. This change reflects the adjustments made in the property valuations in the area, particularly with the latest revision marking a significant step in the guideline value for Raja Muthaiahpuram.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, indicating that the guideline value for Raja Muthaiahpuram is below this median.

• Raja Kiramani Thottam: Rs 3,300 per sq.ft (2024)
• Raja Kiramani Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar Slum: Rs 3,300 per sq.ft (2024)
• Rajasekaran 1st Lane: Rs 13,200 per sq.ft (2024)
• Rajasekaran 1st Street: Rs 13,200 per sq.ft (2024)
• Rajasekaran 2nd Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Muthaiahpuram (Tnscb Fire Proof

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, resulting in a total of Rs 6,93,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Muthaiahpuram (Tnscb Fire Proof?

The Sub Registrar Office that covers Raja Muthaiahpuram is located at No: 5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Mylapore, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state collects appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Raja Muthaiahpuram?

The current guideline value of Raja Muthaiahpuram (Tnscb Fire Proof) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2012 to 2023, and the overall increase from 2012 to 2024 is 10%.

What are the stamp duty and registration fees in Raja Muthaiahpuram?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 77,00,000, the total stamp duty and registration fees would amount to Rs 6,93,000.

Which Sub Registrar Office should I visit for transactions in Raja Muthaiahpuram?

The Sub Registrar Office for Raja Muthaiahpuram is located at No: 5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the land classification for Raja Muthaiahpuram?

Raja Muthaiahpuram is classified as Residential Class IV Type - II, which indicates the type of residential development permitted in this area.