Guideline Value for Roselin nagar muthal street

Roselin nagar muthal street guideline value

The current guideline value of Roselin nagar muthal street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Roselin nagar muthal street has changed

The guideline value for Roselin nagar muthal street has seen several revisions over the years. The earliest revision available is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, before increasing again to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. However, there was a notable decrease of 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 Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, making the guideline value of Roselin nagar muthal street above this median.

• Roselin nagar 2nd street: Rs 2,750 per sq.ft (2024)
• Roseling Nagar: Rs 2,750 per sq.ft (2024)
• Roslien St: Rs 2,750 per sq.ft (2024)
• R.R.Nagar (Ananda street): Rs 1,650 per sq.ft (2024)
• Russo Street: Rs 1,650 per sq.ft (2024)
• R.B Nagar Extension: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Roselin nagar muthal street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. 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 Roselin nagar muthal street?

The Sub Registrar Office that covers Roselin nagar muthal 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 Chitlapakkam

When buying or selling property in Chitlapakkam, the guideline value is a crucial factor in determining the registration fees and stamp duty. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

The guideline value is used to calculate the stamp duty and registration fees, which are mandatory during the property registration process. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Roselin nagar muthal street?

The current guideline value of Roselin nagar muthal street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Roselin nagar muthal street?

Roselin nagar muthal street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Roselin nagar muthal street?

The Sub Registrar Office for Roselin nagar muthal street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty for properties in Chitlapakkam is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during the registration process.