Guideline Value for Ayyan Mudali Street

Ayyan Mudali Street guideline value

The current guideline value of Ayyan Mudali Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Ayyan Mudali Street has changed

The guideline value for Ayyan Mudali Street has undergone several revisions over the years. In 2003, the value was Rs 987 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, reflecting a change of +22%. The value then saw a significant rise to Rs 4,000 per sq.ft in 2012, marking a +233% increase. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of -33%. The 2023 revision set the value at Rs 4,000 per sq.ft, which then increased to Rs 4,400 per sq.ft in 2024, representing a +10% change.

Notably, the register has no figure for Ayyan Mudali Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by +346%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry 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, which is equal to the current value of Ayyan Mudali Street.

• Ayya Pillai Street: Rs 8,800 per sq.ft (2024)
• Ayarn Mangar Street: Rs 4,400 per sq.ft (2024)
• Ayalur Muthaiah Street: Rs 5,500 per sq.ft (2024)
• Athiappan Naicken Street: Rs 8,800 per sq.ft (2024)
• Athiappan Naicken Lane: Rs 8,800 per sq.ft (2024)
• Asthapujam Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyan Mudali Street?

The Sub Registrar Office that covers Ayyan Mudali Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Ayyan Mudali Street?

The current guideline value of Ayyan Mudali Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 987 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +346% over this period.

What is the land classification for Ayyan Mudali Street?

Ayyan Mudali Street is classified as Residential Class I Type - I.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Ayyan Mudali Street located?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone.