Guideline Value for KANDAPPA MUDALI HIGH ROAD (A) THANA STREET

Kandappa Mudali High Road (A) Thana Street guideline value

The current guideline value of Kandappa Mudali High Road (A) Thana Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Kandappa Mudali High Road (A) Thana Street has changed

The guideline value for Kandappa Mudali High Road (A) Thana Street has undergone several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 6,030 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 9,000 per sq.ft in 2023, and most recently, it has increased to Rs 9,900 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The register has no figures for the years 2002 and 2003 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, with a median value of Rs 5,500 per sq.ft. The guideline value for Kandappa Mudali High Road (A) Thana Street is above this median.

• Kandappa Gramani Street: Rs 4,900 per sq.ft (2024)
• Kandappa Achary Street: Rs 6,500 per sq.ft (2024)
• Kandaswamy Koil Street: Rs 6,000 per sq.ft (2024)
• Kancheepuram Munuswamy Maistry Street: Rs 5,500 per sq.ft (2024)
• Kanagammal Lane: Rs 4,400 per sq.ft (2024)
• Kannappa Mudali Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kandappa Mudali High Road (A) Thana Street

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. 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 details.

Which Sub Registrar Office covers Kandappa Mudali High Road (A) Thana Street?

The Sub Registrar Office that covers Kandappa Mudali High Road (A) Thana Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the buyer and seller must consider the guideline value to calculate applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Kandappa Mudali High Road (A) Thana Street?

The current guideline value of Kandappa Mudali High Road (A) Thana Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 3,000 per sq.ft in 2007, rising to Rs 9,900 per sq.ft in 2024. The most significant increase occurred from 2012 to 2017, where it dropped to Rs 6,030 per sq.ft, and then climbed back to Rs 9,900 per sq.ft in 2024.

What is the land classification for Kandappa Mudali High Road (A) Thana Street?

The land classification for Kandappa Mudali High Road (A) Thana Street is Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kandappa Mudali High Road (A) Thana Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at the rate of 7%.