Guideline Value for Appasamy Mudali Street

Appasamy Mudali Street guideline value

The current guideline value of Appasamy Mudali Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Appasamy Mudali Street has changed

The guideline value for Appasamy Mudali Street has seen several revisions over the years. In 2003, the value was Rs 1,129 per sq.ft, which increased to Rs 1,600 per sq.ft in 2007. The 2012 revision maintained the value at Rs 4,500 per sq.ft, but this dropped to Rs 3,015 per sq.ft in 2017. The most recent revisions show an increase to Rs 4,500 per sq.ft in 2023, followed by a rise to Rs 4,900 per sq.ft in 2024. Notably, there is no figure available for the year 2002 in the register for this street.

Between the revisions, significant changes occurred. From 2003 to 2007, the value rose by 42%, and from 2007 to 2012, it increased by 181%. However, there was a decline of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 334%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO with a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Appasamy Mudali Street's 2024 figure above this median.

• Appasamy Lane: Rs 4,900 per sq.ft (2024)
• Appan Street: Rs 4,400 per sq.ft (2024)
• Appu Maistry Street: Rs 4,900 per sq.ft (2024)
• Arak Godown Street: Rs 3,800 per sq.ft (2024)
• Anumantha Rayan Koil Street: Rs 4,400 per sq.ft (2024)
• Anthony Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Appasamy 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, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appasamy Mudali Street?

The Sub Registrar Office that covers Appasamy Mudali Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthiyalpet. It is used to determine the stamp duty and registration fees that need to be paid at the time of transaction.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction reflects a fair value. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Appasamy Mudali Street?

The current guideline value of Appasamy 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, with the most recent increase of 9% from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024. Overall, from 2003 to 2024, the value has risen by 334%.

What are the other streets in Muthiyalpet with their guideline values?

Other streets in Muthiyalpet include Appasamy Lane and Appu Maistry Street, both valued at Rs 4,900 per sq.ft in 2024. Other streets have varying values, with the lowest being Rs 3,800 per sq.ft for Arak Godown Street.

What is the stamp duty for property in Appasamy Mudali Street?

The stamp duty for property in Appasamy Mudali Street is calculated at 7% of the guideline value. For a 1,000 sq.ft property, this amounts to Rs 3,43,000.

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

The Sub Registrar Office for Appasamy Mudali Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find more information by visiting the relevant link.