Guideline Value for Kanagarajan Mudaliar Thottam

Kanagarajan Mudaliar Thottam guideline value

The current guideline value of Kanagarajan Mudaliar Thottam is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kanagarajan Mudaliar Thottam has changed

The guideline value of Kanagarajan Mudaliar Thottam has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then dropped to Rs 1,675 per sq.ft in 2017. The value saw a notable rise to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, there was a substantial increase of 49%. The value then rose by 8% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Vepery

In Vepery, a total of 290 streets are recorded under the Periamet SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, placing Kanagarajan Mudaliar Thottam's current value below this median.

• Kandappa Lane: Rs 4,800 per sq.ft (2024)
• Kandappa Mudali street: Rs 6,000 per sq.ft (2024)
• Kandappa street: Rs 6,000 per sq.ft (2024)
• Kannappan Thidal: Rs 6,000 per sq.ft (2024)
• Karinmedu Gandhi Nagar (Grey Nagar Pallam): Rs 2,700 per sq.ft (2024)
• Karpaga Mudali Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagarajan Mudaliar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Please note that 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 Kanagarajan Mudaliar Thottam?

The Sub Registrar Office that covers Kanagarajan Mudaliar Thottam is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When a property is sold, the guideline value is used to calculate the applicable taxes and fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kanagarajan Mudaliar Thottam?

The current guideline value of Kanagarajan Mudaliar Thottam is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What is the median guideline value in Vepery?

The median guideline value for streets in Vepery is Rs 4,800 per sq.ft, with Kanagarajan Mudaliar Thottam's value being below this median.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Kanagarajan Mudaliar Thottam?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles the registration for Kanagarajan Mudaliar Thottam.