Guideline Value for Krishnappa Mudali Street Ch - 5

Krishnappa Mudali Street Ch - 5 guideline value

The current guideline value of Krishnappa Mudali Street Ch - 5 is Rs 5,500 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 II Type - I.

How the guideline value of Krishnappa Mudali Street Ch - 5 has changed

The guideline value for Krishnappa Mudali Street Ch - 5 has seen several revisions over the years. In the 2007 revision, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 203%. However, it then decreased to Rs 3,350 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value jumped to Rs 5,000 per sq.ft in 2023, a substantial increase of 49%. Most recently, the 2024 revision set the value at Rs 5,500 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 233%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that have a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Krishnappa Mudali Street Ch - 5 below this median.

• Krishnappa Street, Ch - 2: Rs 7,700 per sq.ft (2024)
• Koya Arunagiri Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 5th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 4th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 3rd Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 2nd Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnappa Mudali Street Ch - 5

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. 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 detailed calculations.

Which Sub Registrar Office covers Krishnappa Mudali Street Ch - 5?

The Sub Registrar Office that covers Krishnappa Mudali Street Ch - 5 is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the actual value of the property being transacted.

Frequently asked questions

What is the current guideline value of Krishnappa Mudali Street Ch - 5?

The current guideline value of Krishnappa Mudali Street Ch - 5 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 233% over the years.

What is the median guideline value for streets in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, which is higher than the current value of Krishnappa Mudali Street Ch - 5.

What are the stamp duty and registration fees for property in Krishnappa Mudali Street Ch - 5?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where can I find the Sub Registrar Office for Krishnappa Mudali Street Ch - 5?

The Sub Registrar Office for Krishnappa Mudali Street Ch - 5 is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.