Guideline Value for NALLANNA MUDALI STREET

Nallanna Mudali Street guideline value

The current guideline value of Nallanna Mudali Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and falls under the Residential Class III Type - III land classification.

How the guideline value of Nallanna Mudali Street has changed

The guideline value for Nallanna Mudali Street has seen several revisions over the years. In 2002, the value was Rs 783 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2003, marking a 15% rise. The value then experienced a substantial increase of 789% to reach Rs 8,000 per sq.ft in 2012. However, it dropped by 33% to Rs 5,360 per sq.ft in 2017. The subsequent revision in 2023 saw it rise to Rs 8,000 per sq.ft, and the latest revision in 2024 has brought it to Rs 8,800 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no guideline value figure available for Nallanna Mudali Street for the year 2007. Overall, from 2002 to 2024, the guideline value has increased by 1,024%.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, which matches the current guideline value of Nallanna Mudali Street.

• Nallanna Mudali Lane: Rs 8,800 per sq.ft (2024)
• Nallappan Street: Rs 8,800 per sq.ft (2024)
• Nainiappan Street: Rs 13,200 per sq.ft (2024)
• Nainar Nadar Street: Rs 4,900 per sq.ft (2024)
• Nainan Street: Rs 8,800 per sq.ft (2024)
• Nageswarapuram: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nallanna Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty charged at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nallanna Mudali Street?

The Sub Registrar Office covering Nallanna Mudali Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Nallanna Mudali Street?

The current guideline value of Nallanna Mudali Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 783 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 1,024% over the years.

What was the guideline value in 2017?

In 2017, the guideline value for Nallanna Mudali Street was Rs 5,360 per sq.ft.

Is there a guideline value for Nallanna Mudali Street in 2007?

No, there is no guideline value figure available for Nallanna Mudali Street for the year 2007.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.