Guideline Value for Kanda Murthy Ayappan Street

Kanda Murthy Ayappan Street guideline value

The current guideline value of Kanda Murthy Ayappan Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kanda Murthy Ayappan Street has changed

The guideline value for Kanda Murthy Ayappan Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,600 per sq.ft, which increased significantly by 181% to Rs 4,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 3,015 per sq.ft. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the latest 2024 revision increased it further by 9% to Rs 4,900 per sq.ft.

There are no figures available for the revisions in 2002 and 2003 for Kanda Murthy Ayappan Street. Overall, from 2007 to 2024, the guideline value has increased by 206%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Kanda Murthy Ayappan Street's 2024 figure above that median.

• Kandappa Chetty Street: Rs 6,000 per sq.ft (2024)
• Kandappa Mudali Street: Rs 4,400 per sq.ft (2024)
• Kandappan Street: Rs 6,000 per sq.ft (2024)
• Kancheepuram Sabapathi Mudali Street: Rs 4,900 per sq.ft (2024)
• Kanniah Naidu Street: Rs 5,500 per sq.ft (2024)
• Karupannan Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kanda Murthy Ayappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, while the registration fee at 2% would amount to Rs 98,000, bringing the total to Rs 4,41,000. 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 Kanda Murthy Ayappan Street?

Kanda Murthy Ayappan Street falls under the jurisdiction of the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Muthiyalpet. 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 you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kanda Murthy Ayappan Street?

The current guideline value of Kanda Murthy Ayappan Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 206% over the years.

What is the land classification for Kanda Murthy Ayappan Street?

Kanda Murthy Ayappan Street is classified as Residential Special Type - III.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations for Kanda Murthy Ayappan Street?

The Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, handles property registrations for Kanda Murthy Ayappan Street.