Guideline Value for APPU MUDALI STREET

Appu Mudali Street guideline value

The current guideline value of Appu 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, and is classified as Residential Class III Type - III.

How the guideline value of Appu Mudali Street has changed

Over the years, the guideline value of Appu Mudali Street has seen significant changes. In 2002, the guideline value was Rs 1,026 per sq.ft. This increased to Rs 1,140 per sq.ft in 2003, marking an 11% rise. By 2007, the value surged to Rs 1,601 per sq.ft, representing a 40% increase from the previous revision. The most substantial jump occurred between 2007 and 2012, where the value rose by 400% to reach Rs 8,000 per sq.ft. This figure remained unchanged through the 2023 revision.

The most recent revision in 2024 has set the guideline value at Rs 8,800 per sq.ft, reflecting a 10% increase from the 2023 figure of Rs 8,000 per sq.ft. It is important to note that there is no figure for Appu Mudali Street in the 2017 revision.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Appu Mudali Street's 2024 guideline value aligns with this median.

• Appu Mudali Lane: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Together, these fees total Rs 7,92,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appu Mudali Street?

The Sub Registrar Office that covers Appu 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 plays a crucial role in property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the necessary taxes are paid according to the established rates.

Frequently asked questions

What is the current guideline value of Appu Mudali Street?

The current guideline value of Appu 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 increased from Rs 1,026 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, showing an overall increase of 758% over this period.

What is the stamp duty rate for properties in Appu Mudali Street?

The stamp duty rate for properties in Appu Mudali Street is 7% of the guideline value or the sale price, whichever is higher.

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

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

What is the land classification of Appu Mudali Street?

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