Guideline Value for Mahadeva Mudaliyar Street Block 85

Mahadeva Mudaliyar Street Block 85 guideline value

The current guideline value of Mahadeva Mudaliyar Street Block 85 is Rs 7,700 per sq.ft. This street is located in Kodambakkam village under the Ashok Nagar SRO, and the land classification is Mixed Type - II.

How the guideline value of Mahadeva Mudaliyar Street Block 85 has changed

In the 2012 revision, the guideline value was Rs 7,000 per sq.ft. This figure decreased to Rs 4,690 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 7,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 7,700 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Mahadeva Mudaliyar Street Block 85's 2024 figure above this median.

• Mahadeva Ayyar Street Block 43,44,35,45: Rs 7,700 per sq.ft (2024)
• Lord Mount Pattern Street: Rs 3,300 per sq.ft (2024)
• Malligaipoo Nagar: Rs 4,900 per sq.ft (2024)
• LIC Oozliyar, Kudiyiruppu: Rs 7,000 per sq.ft (2024)
• LIC Colony: Rs 7,000 per sq.ft (2024)
• Mangai Nagar: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mahadeva Mudaliyar Street Block 85

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahadeva Mudaliyar Street Block 85?

The Sub Registrar Office that covers Mahadeva Mudaliyar Street Block 85 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam, as it determines the minimum value at which a property can be registered. It ensures that the government receives the appropriate stamp duty and registration fees based on the property’s value.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable duties and fees. This value helps maintain transparency in property transactions and assists in preventing undervaluation.

Frequently asked questions

What is the current guideline value of Mahadeva Mudaliyar Street Block 85?

The current guideline value of Mahadeva Mudaliyar Street Block 85 is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then increased to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

What is the land classification for Mahadeva Mudaliyar Street Block 85?

The land classification for Mahadeva Mudaliyar Street Block 85 is Mixed Type - II.

Where is the Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Mahadeva Mudaliyar Street Block 85?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 5,39,000.