Guideline Value for KARIAPPA MUDALI STREET

Kariappa Mudali Street guideline value

The current guideline value of Kariappa Mudali Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Kariappa Mudali Street has changed

The guideline value for Kariappa Mudali Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking an increase of 178%. However, it decreased to Rs 3,350 per sq.ft in the 2017 revision, a drop of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and further increased to the current value of Rs 5,500 per sq.ft in 2024, reflecting a 10% rise.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 206%. The register does not have 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. The median guideline value is Rs 5,500 per sq.ft, which is equal to the current value of Kariappa Mudali Street.

• Kannappa Mudali Street: Rs 3,800 per sq.ft (2024)
• 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)
• Kancheepuram Munuswamy Maistry Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kariappa Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making a total of Rs 4,95,000. 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 Kariappa Mudali Street?

The Sub Registrar Office covering Kariappa Mudali Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the authorities will assess the guideline value to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kariappa Mudali Street?

The current guideline value of Kariappa Mudali Street is Rs 5,500 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 5,500 per sq.ft in 2024, reflecting an overall increase of 206% over the years.

What is the land classification for Kariappa Mudali Street?

Kariappa Mudali Street is classified as Residential Class III Type - I under the Purasaivakkam SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

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

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