Guideline Value for Edappalayam Street

Edappalayam Street guideline value

The current guideline value of Edappalayam Street in Muthiyalpet village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Sowcarpet SRO and is classified as Residential Class I Type - I.

How the guideline value of Edappalayam Street has changed

Since the 2007 revision, Edappalayam Street has seen significant changes in its guideline value. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, a rise of 233%. However, it decreased to Rs 2,680 per sq.ft in 2017, marking a drop of 33%. The value then surged to Rs 4,000 per sq.ft in 2023, representing a 49% increase, and finally reached Rs 4,400 per sq.ft in the 2024 revision, an increase of 10%.

The register has no figures for Edappalayam Street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

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 value is Rs 4,400 per sq.ft, which is the same as the guideline value for Edappalayam Street.

• Ebrahim Syed Street: Rs 4,900 per sq.ft (2024)
• Ekambareswarar Agraharam Street: Rs 6,000 per sq.ft (2024)
• Ekavalli Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Ela Kandappan Street: Rs 4,400 per sq.ft (2024)
• Elephant Gate Street: Rs 6,000 per sq.ft (2024)
• Erulappan Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Edappalayam 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. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Edappalayam Street?

Edappalayam Street is covered by the Sowcarpet Sub Registrar Office located at No.11, Davidson Street, Sowcarpet, Chennai-01. 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 an essential factor during the registration of property transactions in Muthiyalpet. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures transparency and fairness in the transaction process. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Edappalayam Street?

The current guideline value of Edappalayam 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 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 267% over the years.

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

Other streets in Muthiyalpet include Ebrahim Syed Street at Rs 4,900 per sq.ft, Ekambareswarar Agraharam Street at Rs 6,000 per sq.ft, and several others, with values ranging from Rs 3,800 to Rs 16,500 per sq.ft.

What is the stamp duty rate for properties in Edappalayam Street?

The stamp duty rate for properties in Edappalayam Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Edappalayam Street?

The Sowcarpet Sub Registrar Office covers Edappalayam Street and is located at No.11, Davidson Street, Sowcarpet, Chennai-01.