Guideline Value

Corporate

Guideline Value for APPU MUDALI 2ND LANE

₹8800/sq.ft.

The guideline value for Appu Mudali 2nd Lane in Mylapore village (Mylapore SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1540 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹918 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹826 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Appu Mudali 2nd Lane

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Appu Mudali 2nd Lane guideline value

The current guideline value of Appu Mudali 2nd Lane is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO with a land classification of Residential Class III Type - III.

How the guideline value of Appu Mudali 2nd Lane has changed

The guideline value for Appu Mudali 2nd Lane has seen several revisions over the years. The earliest recorded value was Rs 826 per sq.ft in 2002, which increased to Rs 918 per sq.ft in 2003, marking an 11% increase. Following this, the value rose significantly to Rs 1,540 per sq.ft in 2007, reflecting a 68% change. The next revision in 2012 held the value steady at Rs 8,000 per sq.ft, with no change noted until the 2023 revision, which also remained at Rs 8,000 per sq.ft. The most recent revision in 2024 saw the guideline value increase to Rs 8,800 per sq.ft, a 10% rise from the previous year.

It is important to note that there is no recorded guideline value for Appu Mudali 2nd Lane in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 965%.

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 for these streets is Rs 8,800 per sq.ft, which is equal to the current value of Appu Mudali 2nd Lane.

Stamp duty and registration fee for property in Appu Mudali 2nd Lane

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, making the total Rs 7,92,000. Please 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 details.

Which Sub Registrar Office covers Appu Mudali 2nd Lane?

The Sub Registrar Office that covers Appu Mudali 2nd Lane 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 plays a crucial role during the registration process when buying or selling property in Mylapore. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuations set by the government.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the market conditions and property values in the area.

Frequently asked questions

What is the current guideline value of Appu Mudali 2nd Lane?

The current guideline value of Appu Mudali 2nd Lane 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 from Rs 826 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 965% over the years.

What is the land classification for Appu Mudali 2nd Lane?

Appu Mudali 2nd Lane is classified as Residential Class III Type - III under the Mylapore SRO.

Where can I find the Sub Registrar Office for Appu Mudali 2nd Lane?

The Sub Registrar Office for Appu Mudali 2nd Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in Mylapore?

Stamp duty for properties in Mylapore is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.