Guideline Value for Ayya Mudali street

Ayya Mudali street guideline value

The current guideline value of Ayya Mudali street is Rs 7,100 per sq.ft. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ayya Mudali street has changed

The guideline value for Ayya Mudali street has undergone several revisions over the years. In 2002, the value was Rs 627 per sq.ft, which increased to Rs 692 per sq.ft in 2003. Following this, a significant jump occurred in 2007, raising the value to Rs 1,800 per sq.ft. The 2012 revision saw the value remain at Rs 6,500 per sq.ft, but it dropped to Rs 4,355 per sq.ft in 2017. The most recent revisions show a rise to Rs 6,500 per sq.ft in 2023 and a further increase to Rs 7,100 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2003, the increase was +10%. The value surged by +160% from 2003 to 2007. The 2007 to 2012 period saw a decrease of -33%, while the value rose by +49% from 2017 to 2023. The most recent revision from 2023 to 2024 reflects an increase of +9%. Overall, from 2002 to 2024, the guideline value has increased by +1032%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which is equal to the current value of Ayya Mudali street.

• Ayya Pillai 1st street: Rs 7,100 per sq.ft (2024)
• Ayya Pillai 2nd street: Rs 7,100 per sq.ft (2024)
• Ayya Sami Pillai Lane: Rs 7,100 per sq.ft (2024)
• Ayya sami Pillai street: Rs 7,100 per sq.ft (2024)
• Avvaipuram: Rs 3,400 per sq.ft (2024)
• Audiappa Gramani Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Mudali street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total cost for these fees Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayya Mudali street?

The Sub Registrar Office that covers Ayya Mudali street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Egmore. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is registered at a fair value, which is crucial for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayya Mudali street?

The current guideline value of Ayya Mudali street is Rs 7,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 627 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of +1032%.

What is the land classification of Ayya Mudali street?

Ayya Mudali street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Ayya Mudali street?

For a 1,000 sq.ft property, the total stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, amounting to a total of Rs 6,39,000.

Where is the Sub Registrar Office for Ayya Mudali street located?

The Sub Registrar Office for Ayya Mudali street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.