Guideline Value for Karpura Mudali Street

Karpura Mudali Street guideline value

The current guideline value of Karpura Mudali Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO and is classified as Residential Class II Type - I.

How the guideline value of Karpura Mudali Street has changed

The guideline value for Karpura Mudali Street has seen significant changes over the years. The earliest revision recorded was in 2007, where the guideline value was Rs 3,000 per sq.ft. This figure remained until the 2024 revision, which raised the value to Rs 6,000 per sq.ft, marking a 100% increase over the 17 years.

There are no recorded figures for the years 2023, 2017, 2012, 2003, and 2002 for Karpura Mudali Street in the register.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value 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 Karpura Mudali Street's 2024 figure above this median.

• Karpaga Mudali Street: Rs 6,000 per sq.ft (2024)
• Karinmedu Gandhi Nagar (Grey Nagar Pallam): Rs 2,700 per sq.ft (2024)
• KasthuriBai A Colony: Rs 4,400 per sq.ft (2024)
• Kasthuri Bai B Colony: Rs 4,400 per sq.ft (2024)
• Kannappan Thidal: Rs 6,000 per sq.ft (2024)
• Kattur NallaMuthu Achari Street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Karpura Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Karpura Mudali Street?

The Sub Registrar Office that covers Karpura Mudali Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vepery, as it determines the minimum value at which a property can be registered. When a buyer purchases a property, the registration process requires that the property be registered at the guideline value or the sale price, whichever is higher.

This ensures that the government collects the appropriate stamp duty and registration fees based on the guideline value, which is periodically revised to reflect current market conditions.

Frequently asked questions

What is the current guideline value of Karpura Mudali Street?

The current guideline value of Karpura Mudali Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, representing a 100% increase over this period.

Are there any years with no recorded guideline value for Karpura Mudali Street?

Yes, there are no recorded guideline values for Karpura Mudali Street in the years 2023, 2017, 2012, 2003, and 2002.

What is the role of the Sub Registrar Office in property transactions?

The Sub Registrar Office is responsible for the registration of property transactions and ensures that the guideline value is adhered to during the registration process. This office collects the stamp duty and registration fees based on the guideline value.

How can I calculate the stamp duty and registration fees for my property?

You can calculate the stamp duty and registration fees for your property using the stamp duty and registration fee calculator, which provides a detailed breakdown based on the guideline value.