Guideline Value for KANNAPPA MUDALI STREET

Kannappa Mudali Street guideline value

The current guideline value of Kannappa Mudali Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kannappa Mudali Street has changed

Over the years, the guideline value of Kannappa Mudali Street has seen significant changes. In the 2007 revision, the guideline value was Rs 1,100 per sq.ft. This increased to Rs 3,500 per sq.ft in the 2012 revision, marking a substantial rise of 218%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,800 per sq.ft in the 2024 revision, which is an increase of 9% from the previous year.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 245%. It is important to note that 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 have a guideline value for 2024, 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 the 2024 figure for Kannappa Mudali Street below this median.

• Kandaswamy Koil Street: Rs 6,000 per sq.ft (2024)
• Kandappa Mudali High Road (A) Thana Street: Rs 9,900 per sq.ft (2024)
• Kandappa Gramani Street: Rs 4,900 per sq.ft (2024)
• Kandappa Achary Street: Rs 6,500 per sq.ft (2024)
• Kariappa Mudali Street: Rs 5,500 per sq.ft (2024)
• Kancheepuram Munuswamy Maistry Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappa Mudali Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannappa Mudali Street?

The Sub Registrar Office that covers Kannappa Mudali Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

When buying or selling property in Purasaivakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a benchmark for calculating these fees, ensuring that the transactions are in compliance with the regulations set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kannappa Mudali Street?

The current guideline value of Kannappa Mudali Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,100 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 245% over the years.

What is the land classification for Kannappa Mudali Street?

Kannappa Mudali Street falls under the land classification of Residential Class IV Type - II.

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

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

How is stamp duty calculated for properties in Kannappa Mudali Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee would be Rs 3,42,000.