Guideline Value for Nallathambi Mudali Street Chennai-5

Nallathambi Mudali Street Chennai-5 guideline value

The current guideline value of Nallathambi Mudali Street Chennai-5 is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Nallathambi Mudali Street Chennai-5 has changed

The guideline value for Nallathambi Mudali Street has seen several revisions over the years. In 2012, the guideline value was Rs 7,000 per sq.ft, which then decreased to Rs 4,690 per sq.ft in 2017. Following this, the value increased significantly to Rs 7,000 per sq.ft in 2023, and then rose again to Rs 7,700 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Triplicane

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

• Nallathambi Chetty Street Chennai-2: Rs 8,800 per sq.ft (2024)
• Namachivaya Mudali Street: Rs 5,500 per sq.ft (2024)
• Nair Varadha Pillai Street: Rs 6,600 per sq.ft (2024)
• Nair Iyya Pillai Street: Rs 6,600 per sq.ft (2024)
• Nammalwar Street: Rs 5,500 per sq.ft (2024)
• Nagoji Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Nallathambi Mudali Street Chennai-5

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nallathambi Mudali Street Chennai-5?

The Sub Registrar Office that covers Nallathambi Mudali Street Chennai-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 plays a crucial role in the registration process when buying or selling property in Triplicane. 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 sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nallathambi Mudali Street Chennai-5?

The current guideline value of Nallathambi Mudali Street Chennai-5 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 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 Nallathambi Mudali Street Chennai-5?

Nallathambi Mudali Street Chennai-5 is classified as Mixed Type - II land, according to the guidelines.

What are the stamp duty and registration fees for a property in Nallathambi Mudali Street Chennai-5?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where is the Sub Registrar Office for Nallathambi Mudali Street Chennai-5 located?

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