Guideline Value for KALATTHIYAPPA MUDALI STREET

Kalatthiyappa Mudali Street guideline value

The current guideline value of Kalatthiyappa Mudali Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - III.

How the guideline value of Kalatthiyappa Mudali Street has changed

The guideline value for Kalatthiyappa Mudali Street has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it then decreased to Rs 3,685 per sq.ft in 2017. The value rose again to Rs 5,500 per sq.ft in 2023, and most recently, it has reached Rs 6,000 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 233%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Kalatthiyappa Mudali Street's 2024 figure above that median.

• Kalyana Maistry Garden: Rs 2,200 per sq.ft (2024)
• Kalyana Maistry Garden 10th Street: Rs 2,200 per sq.ft (2024)
• Kalyana Maistry Garden 11th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 12th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 13th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 14th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalatthiyappa Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalatthiyappa Mudali Street?

Kalatthiyappa Mudali Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value for registration purposes, ensuring that properties are registered at a fair value according to government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are required to be paid at the time of registration. This ensures transparency and compliance with legal requirements in property transactions.

Frequently asked questions

What is the current guideline value of Kalatthiyappa Mudali Street?

The current guideline value of Kalatthiyappa Mudali Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting various revisions over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, with Kalatthiyappa Mudali Street's value above this median.

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

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Where can I find the Sub Registrar Office for Kalatthiyappa Mudali Street?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.