Guideline Value for Ayya Mudalai Street

Ayya Mudalai Street guideline value

The current guideline value of Ayya Mudalai Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Class I Type - II.

How the guideline value of Ayya Mudalai Street has changed

According to the guideline value register, there are no figures available for Ayya Mudalai Street for the revisions in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 3,800 per sq.ft.

Since there are no previous figures for this street, it is important to note that the current value is the first recorded figure in the register for Ayya Mudalai Street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. Ayya Mudalai Street's 2024 figure of Rs 3,800 per sq.ft is above this median.

• Ayya mudali lane: Rs 3,800 per sq.ft (2024)
• Ayya Mudali street: Rs 6,000 per sq.ft (2024)
• Audiyappa Chety street: Rs 3,800 per sq.ft (2024)
• Arunchala lane: Rs 3,800 per sq.ft (2024)
• Arunachala Naicken street: Rs 8,200 per sq.ft (2024)
• Balakrishna Pillai 1st lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Mudalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayya Mudalai Street?

Ayya Mudalai Street falls under the Periamet Sub Registrar Office located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in Chindadripet.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Ayya Mudalai Street?

The current guideline value of Ayya Mudalai Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value for Ayya Mudalai Street?

There have been no previous figures recorded for Ayya Mudalai Street in the guideline value register for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first recorded figure.

How does the guideline value compare to other streets in Chindadripet?

The guideline value of Rs 3,800 per sq.ft for Ayya Mudalai Street is above the median value of Rs 3,300 per sq.ft for other streets in Chindadripet.

What are the stamp duty and registration fees for a property on Ayya Mudalai Street?

For a property with a guideline value of Rs 3,800 per sq.ft, the total stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000 for a 1,000 sq.ft plot.

Which office handles property registrations for Ayya Mudalai Street?

The Periamet Sub Registrar Office handles property registrations for Ayya Mudalai Street, located at 1103, Poonamallee High Road, Chennai-600 003.