Guideline Value for APPU MUDALI LANE

Appu Mudali Lane guideline value

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

How the guideline value of Appu Mudali Lane has changed

The guideline value for Appu Mudali Lane has seen several revisions over the years. The 2012 revision set the value at Rs 8,000 per sq.ft, which was a decrease of 33% from Rs 5,360 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 8,000 per sq.ft, and in the latest 2024 revision, it rose by 10% to Rs 8,800 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mylapore

Mylapore village has a total of 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 for Appu Mudali Lane.

• Appu Mudali Street: Rs 8,800 per sq.ft (2024)
• Appu Mudali 2nd Lane: Rs 8,800 per sq.ft (2024)
• Appu Mudali 1st Lane: Rs 8,800 per sq.ft (2024)
• Appavu Kiramani 4th Street (Lane): Rs 8,800 per sq.ft (2024)
• Appavu Kiramani 3rd Street (Lane): Rs 8,800 per sq.ft (2024)
• Appavu Kiramani 2nd Street (Lane): Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Appu Mudali Lane

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 be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, together amounting to Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Appu Mudali Lane?

The Sub Registrar Office that covers Appu Mudali 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 details.

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

The guideline value is a critical factor in property transactions in Mylapore, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to understand the financial implications of their transactions.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Appu Mudali Lane?

The current guideline value of Appu Mudali 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 from Rs 8,000 per sq.ft in 2012 to Rs 8,800 per sq.ft in 2024, showing an overall increase of 10% since 2012.

What is the land classification of Appu Mudali Lane?

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

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

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

How is 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.