Guideline Value for Kandappa Mudali Street

Kandappa Mudali Street guideline value

The current guideline value of Kandappa Mudali Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kandappa Mudali Street has changed

The guideline value for Kandappa Mudali Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,394 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 330%. However, in 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and subsequently increased to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 373%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, which is the same as the current value for Kandappa Mudali Street.

• Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road): Rs 8,800 per sq.ft (2024)
• Kareem Mohideen Saheb 1st Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 2nd Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 3rd Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 4th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 5th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kandappa Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandappa Mudali Street?

The Sub Registrar Office that covers Kandappa Mudali Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kandappa Mudali Street?

The current guideline value of Kandappa Mudali Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,394 per sq.ft to Rs 6,600 per sq.ft in 2024, marking an overall increase of 373% over this period.

What is the land classification for Kandappa Mudali Street?

Kandappa Mudali Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

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

The Sub Registrar Office for Kandappa Mudali Street is located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.