Guideline Value for ARULANANTHA MUDALI STREET

Arulanantha Mudali Street guideline value

The current guideline value of Arulanantha Mudali Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. It is classified as Residential Class V Type - II.

How the guideline value of Arulanantha Mudali Street has changed

The guideline value for Arulanantha Mudali Street has seen several revisions over the years. In 2002, the guideline value was Rs 872 per sq.ft, which increased to Rs 969 per sq.ft in 2003, marking an 11% rise. By 2007, the value surged to Rs 1,000 per sq.ft, reflecting a modest increase of 3%. The most significant jump occurred between 2007 and 2012, where the value escalated by 350% to Rs 4,500 per sq.ft. This figure remained unchanged until the 2023 revision.

In 2023, the guideline value was again set at Rs 4,500 per sq.ft, with no change from the previous revision. However, in 2024, the value increased by 9% to Rs 4,900 per sq.ft. It is important to note that there is no figure available for the year 2017 in the register 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 in this area is Rs 8,800 per sq.ft, placing Arulanantha Mudali Street's 2024 figure below this median.

• Arulappa Naicken Street: Rs 7,100 per sq.ft (2024)
• Arulappan Street: Rs 3,300 per sq.ft (2024)
• Arumugam Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Street: Rs 3,300 per sq.ft (2024)
• Arunagiri Street: Rs 7,100 per sq.ft (2024)
• Arundale Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Arulanantha Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Arulanantha Mudali Street?

The Sub Registrar Office covering Arulanantha 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 critical factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark to determine the minimum price at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arulanantha Mudali Street?

The current guideline value of Arulanantha Mudali Street is Rs 4,900 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 872 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 462% over the years.

What is the land classification for Arulanantha Mudali Street?

Arulanantha Mudali Street is classified as Residential Class V Type - II, indicating its designation for residential purposes.

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

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

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 4,41,000.