Guideline Value for NATTU SUBBRAYA MUDALI 2ND LANE

Nattu Subbraya Mudali 2nd Lane guideline value

The current guideline value of Nattu Subbraya Mudali 2nd Lane is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class III Type - III.

How the guideline value of Nattu Subbraya Mudali 2nd Lane has changed

The guideline value for Nattu Subbraya Mudali 2nd Lane has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 8,800 per sq.ft, a 10% increase from Rs 8,000 per sq.ft in the previous revision of 2023. Notably, the guideline value remained unchanged at Rs 8,000 per sq.ft from 2012 to 2023, resulting in an overall increase of 10% from 2012 to 2024.

For the years 2002, 2003, 2007, and 2017, the register has no figure for this street. Therefore, the only revisions available are from 2012, 2023, and 2024.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, which matches the current value for Nattu Subbraya Mudali 2nd Lane.

• Nattu Subbaraya Mudali Street: Rs 8,800 per sq.ft (2024)
• Nattu Veerachi Mudali Street: Rs 8,800 per sq.ft (2024)
• Nattu Subbaraya Mudali 1st Lane: Rs 8,800 per sq.ft (2024)
• Nattu Muthu Kumarappa Mudali Street: Rs 8,800 per sq.ft (2024)
• Nattan Thottam: Rs 3,300 per sq.ft (2024)
• Natesan Colony: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nattu Subbraya Mudali 2nd Lane

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 at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nattu Subbraya Mudali 2nd Lane?

The Nattu Subbraya Mudali 2nd Lane is covered by the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, you can visit find your SRO.

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

The guideline value plays a critical role in the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded accurately and fairly.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of the transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Nattu Subbraya Mudali 2nd Lane?

The current guideline value of Nattu Subbraya Mudali 2nd Lane is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased by 10%, from Rs 8,000 per sq.ft in 2012 to Rs 8,800 per sq.ft in 2024. The value remained unchanged from 2012 to 2023.

What is the land classification for Nattu Subbraya Mudali 2nd Lane?

Nattu Subbraya Mudali 2nd Lane is classified as Residential Class III Type - III, indicating its suitability for residential purposes.

What are the stamp duty rates applicable in Mylapore?

The stamp duty in Mylapore is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Nattu Subbraya Mudali 2nd Lane?

The Mylapore Sub Registrar Office covers Nattu Subbraya Mudali 2nd Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.