Guideline Value for Mudaliyanndan Thottam

Mudaliyanndan Thottam guideline value

The current guideline value of Mudaliyanndan Thottam is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Mudaliyanndan Thottam has changed

The guideline value for Mudaliyanndan Thottam has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 7,000 per sq.ft, which increased by 10% to Rs 7,700 per sq.ft in the 2024 revision.

This change reflects a significant adjustment in the guideline value, moving from Rs 7,000 in 2023 to Rs 7,700 in 2024. This increase indicates a noteworthy shift in the valuation of properties in this area.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for the area is Rs 8,800 per sq.ft, making the current value of Mudaliyanndan Thottam below this median.

• Mudaliyandan Street: Rs 7,700 per sq.ft (2024)
• Murrays Gate Road: Rs 14,300 per sq.ft (2024)
• Muthaiah Mudali Street: Rs 8,700 per sq.ft (2024)
• Muthaiah Pillai Street: Rs 8,700 per sq.ft (2024)
• Muthiah Street: Rs 8,700 per sq.ft (2024)
• Muthu Lane: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Mudaliyanndan Thottam

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 charges to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mudaliyanndan Thottam?

The Mudaliyanndan Thottam area falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor when registering property transactions in Mylapore Part 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mudaliyanndan Thottam?

The current guideline value of Mudaliyanndan Thottam 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 increased from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Mylapore Part 1?

Other streets in Mylapore Part 1 have varying guideline values. For instance, Murrays Gate Road is valued at Rs 14,300 per sq.ft, while Mudaliyandan Street shares the same value as Mudaliyanndan Thottam at Rs 7,700 per sq.ft.

How is stamp duty calculated for properties in Mudaliyanndan Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Mudaliyanndan Thottam?

The Sub Registrar Office covering Mudaliyanndan Thottam is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information by visiting the relevant link.