Guideline Value for Devaraja Mudali Street

Devaraja Mudali Street guideline value

The current guideline value of Devaraja Mudali Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Devaraja Mudali Street has changed

In the 2007 revision, the guideline value for Devaraja Mudali Street was set at Rs 1,145 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 7,000 per sq.ft, marking a change of 511%. The value remained unchanged at Rs 7,000 per sq.ft in the 2023 revision. However, the 2024 revision saw an increase to Rs 7,700 per sq.ft, a rise of 10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 572%. The register does not contain figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, placing Devaraja Mudali Street's 2024 figure above that median.

• Dera Venkatasamy Street: Rs 6,600 per sq.ft (2024)
• Dawood Street: Rs 6,600 per sq.ft (2024)
• C.N.Krishna Swami Road: Rs 8,800 per sq.ft (2024)
• C.N.Krishna Swami Lane: Rs 7,700 per sq.ft (2024)
• Club House Road: Rs 14,300 per sq.ft (2024)
• Dowlath Khan Bahadur Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraja Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Devaraja Mudali Street?

The Sub Registrar Office covering Devaraja Mudali Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Devaraja Mudali Street?

The current guideline value of Devaraja Mudali Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,145 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 572% over the years.

What is the stamp duty rate for property in Devaraja Mudali Street?

The stamp duty rate for property transactions in Devaraja Mudali Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Devaraja Mudali Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft, with Devaraja Mudali Street's 2024 figure of Rs 7,700 per sq.ft being above this median.