Guideline Value for Tambaram Mudichur Co-Operative Mahanagar

Tambaram Mudichur Co-Operative Mahanagar guideline value

The current guideline value for Tambaram Mudichur Co-Operative Mahanagar is Rs 3,650 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village, under the Padappai SRO, and is classified as Mixed Type - I land.

How the guideline value of Tambaram Mudichur Co-Operative Mahanagar has changed

The guideline value for Tambaram Mudichur Co-Operative Mahanagar has undergone several revisions over the years. The 2017 revision set the value at Rs 2,200 per sq.ft, which increased significantly to Rs 3,314 per sq.ft in the 2023 revision, marking a 51% rise. The most recent revision in 2024 has further increased the guideline value to Rs 3,650 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that there are no registered figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Tambaram Mudichur Co-Operative Mahanagar is above this median.

• Tambaram - Manimangalam Road: Rs 2,200 per sq.ft (2024)
• Tambaram to Mudichur Road: Rs 3,630 per sq.ft (2024)
• Swamy Nagar: Rs 3,630 per sq.ft (2024)
• Suraj Avenue Extension: Rs 2,200 per sq.ft (2024)
• Suraj Avenue: Rs 2,200 per sq.ft (2024)
• Sundaradas Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram Mudichur Co-Operative Mahanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,650 per sq.ft, the total guideline value would be Rs 36,50,000. The stamp duty at 7% would amount to Rs 2,55,500, and the registration fee at 2% would be Rs 73,000, bringing the total fees together to Rs 3,28,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tambaram Mudichur Co-Operative Mahanagar?

The Tambaram Mudichur Co-Operative Mahanagar falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value helps ensure that the transaction is documented at a fair value, which is essential for both buyers and sellers. This value is also used by the government to assess the taxes owed during the registration process.

Frequently asked questions

What is the current guideline value for Tambaram Mudichur Co-Operative Mahanagar?

The current guideline value for Tambaram Mudichur Co-Operative Mahanagar is Rs 3,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,200 per sq.ft to Rs 3,650 per sq.ft in 2024, marking an overall increase of 66% over the seven years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Tambaram Mudichur Co-Operative Mahanagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Padappai Sub Registrar Office covers Tambaram Mudichur Co-Operative Mahanagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Mudichur?

The median guideline value for streets in Mudichur is Rs 2,200 per sq.ft, with the Tambaram Mudichur Co-Operative Mahanagar value being above this median.