Guideline Value for Tambaram to Mudichur Road

Tambaram to Mudichur Road guideline value

The current guideline value of Tambaram to Mudichur Road is Rs 3,630 per sq.ft, effective from 1 July 2024. This road is located in Mudichur village, under the Padappai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Tambaram to Mudichur Road has changed

The guideline value for Tambaram to Mudichur Road has seen significant changes over the years. In 2012, the guideline value was Rs 3,300 per sq.ft, which decreased to Rs 2,211 per sq.ft in 2017. Following this, the value rose sharply to Rs 3,300 per sq.ft in 2023, and then further increased to Rs 3,630 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The value rose by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudichur

Mudichur has a total of 135 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 880 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the Tambaram to Mudichur Road's 2024 figure above that median.

• Tambaram Mudichur Co-Operative Mahanagar: Rs 3,650 per sq.ft (2024)
• Tambaram - Manimangalam Road: Rs 2,200 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 to Mudichur Road

For a 1,000 sq.ft plot at the current rate of Rs 3,630 per sq.ft, the guideline value amounts to Rs 36,30,000. The stamp duty at 7% would be Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, totaling Rs 3,26,700. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Tambaram to Mudichur Road?

The Tambaram to Mudichur Road is covered by 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mudichur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects current market conditions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Tambaram to Mudichur Road?

The current guideline value for Tambaram to Mudichur Road is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,630 per sq.ft in 2024.

What is the land classification for Tambaram to Mudichur Road?

The land classification for Tambaram to Mudichur Road is Commercial Class I Type - I.

Where can I find the registration office for Tambaram to Mudichur Road?

The registration office for Tambaram to Mudichur Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7%, and it is calculated based on the higher of the guideline value or the sale price.