Guideline Value for ADIYAPPA MUDALI STREET

Adiyappa Mudali Street guideline value

The current guideline value of Adiyappa Mudali Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Special Type - IV.

How the guideline value of Adiyappa Mudali Street has changed

The guideline value for Adiyappa Mudali Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, marking a 400% increase. However, it dropped to Rs 6,030 per sq.ft in the 2017 revision, a decrease of 33% from the previous figure. The 2023 revision saw a substantial increase to Rs 9,000 per sq.ft, followed by a further rise to Rs 9,900 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value of Adiyappa Mudali Street is above this median.

• Adiyappa Mudali Lane: Rs 8,800 per sq.ft (2024)
• Agraharam Street: Rs 4,900 per sq.ft (2024)
• Abirami Street And Lane: Rs 6,500 per sq.ft (2024)
• Air India Colony: Rs 5,500 per sq.ft (2024)
• A.K.SWAMY 1st STREET: Rs 7,700 per sq.ft (2024)
• A.K.SWAMY 2nd STREET: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adiyappa Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adiyappa Mudali Street?

The Sub Registrar Office that covers Adiyappa Mudali Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Purasaivakkam. It serves as a reference for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Adiyappa Mudali Street?

The current guideline value of Adiyappa Mudali Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,800 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification of Adiyappa Mudali Street?

Adiyappa Mudali Street is classified as Residential Special Type - IV under the land classification system.

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

The Sub Registrar Office for Adiyappa Mudali Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at a rate of 7%.