Guideline Value for KRISHNAPPA MUDALI STREET

Krishnappa Mudali Street guideline value

The current guideline value of Krishnappa Mudali Street is Rs 4,400 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 IV Type - I.

How the guideline value of Krishnappa Mudali Street has changed

The guideline value for Krishnappa Mudali Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a 264% increase. However, the value saw a decrease to Rs 2,680 per sq.ft in the 2017 revision, a drop of 33%. The guideline value then rose to Rs 4,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% change from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 300%. 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, with guideline values ranging from Rs 2,200 to Rs 18,100 per sq.ft as of 2024. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Krishnappa Mudali Street's 2024 figure below that median.

• Krishnappa Mudali Lane: Rs 4,400 per sq.ft (2024)
• Konnur High Road(From Medavakam Tank Mainroad To Otteri Bridge): Rs 5,500 per sq.ft (2024)
• Kuravan Kulam 1st Lane: Rs 2,200 per sq.ft (2024)
• Kuravan Kulam 2nd Lane: Rs 2,200 per sq.ft (2024)
• Kuravan Kulam 3rd Lane: Rs 2,200 per sq.ft (2024)
• Kuravankulam Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnappa Mudali 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 fees to Rs 3,96,000. It is important to note that the 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 Krishnappa Mudali Street?

The Sub Registrar Office that covers Krishnappa Mudali 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 in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Krishnappa Mudali Street?

The current guideline value of Krishnappa Mudali 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 significantly from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a 300% overall increase.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Krishnappa Mudali Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Krishnappa Mudali Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Krishnappa Mudali Street?

Krishnappa Mudali Street is classified as Residential Class IV Type - I, indicating its designation for residential use within the area.