Guideline Value for ADANJAN MUDALI STREET

Adanjan Mudali Street guideline value

The current guideline value of Adanjan Mudali Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class III Type - III.

How the guideline value of Adanjan Mudali Street has changed

The guideline value for Adanjan Mudali Street has seen several revisions over the years. In 2002, the value was Rs 1,044 per sq.ft, which increased to Rs 1,160 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 2,324 per sq.ft in 2007, a significant increase of 100%. By 2012, the value was Rs 8,000 per sq.ft, reflecting a substantial rise of 244% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 5,360 per sq.ft, a drop of 33%. However, the value rebounded to Rs 8,000 per sq.ft in 2023, followed by a rise to the current value of Rs 8,800 per sq.ft in 2024, marking a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 743%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, which is equal to the current value of Adanjan Mudali Street.

• Adam Street: Rs 8,800 per sq.ft (2024)
• Abraham Street: Rs 8,800 per sq.ft (2024)
• Adyar Gate Club Road: Rs 25,300 per sq.ft (2024)
• Abiramapuram Street (Subramaniam Street): Rs 17,600 per sq.ft (2024)
• Abiramapuram East 3rd Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram East 2nd Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Adanjan Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees together to Rs 7,92,000. It is important to 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 Adanjan Mudali Street?

The Sub Registrar Office that covers Adanjan Mudali Street is the Mylapore Sub Registrar Office, 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 crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adanjan Mudali Street?

The current guideline value of Adanjan Mudali Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,044 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 743%.

What are the stamp duty and registration fees for property in Adanjan Mudali Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 88,00,000, with stamp duty at Rs 6,16,000 and registration fees at Rs 1,76,000, totaling Rs 7,92,000.

Which office handles the registration for Adanjan Mudali Street?

The Mylapore Sub Registrar Office handles the registration for Adanjan Mudali Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification of Adanjan Mudali Street?

Adanjan Mudali Street is classified as Residential Class III Type - III under the Mylapore SRO.