Guideline Value for SADAYAPPA MUDALI LANE

Sadayappa Mudali Lane guideline value

The current guideline value of Sadayappa Mudali Lane is Rs 5,000 per sq.ft, effective from 1 July 2024. This lane is located in Mambalam village under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sadayappa Mudali Lane has changed

Over the years, the guideline value of Sadayappa Mudali Lane has seen several revisions. The 2007 revision recorded a value of Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The 2023 revision saw a substantial increase to Rs 4,500 per sq.ft, followed by the current 2024 revision, which set the value at Rs 5,000 per sq.ft, reflecting an 11% increase from the previous year.

From 2017 to 2023, the value rose by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a significant increase of 233%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Mambalam

Mambalam village has a total of 163 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, indicating that the current value of Sadayappa Mudali Lane is below this median.

• Sadayappa Mudali Street: Rs 5,500 per sq.ft (2024)
• Saibaba Lane Western Side Of Old Mambalam Road: Rs 4,400 per sq.ft (2024)
• Sambangi Street: Rs 6,600 per sq.ft (2024)
• Reddy Kuppam Road: Rs 7,700 per sq.ft (2024)
• Saradambal Street: Rs 5,500 per sq.ft (2024)
• Sastri 1 St Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sadayappa Mudali Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadayappa Mudali Lane?

The Sub Registrar Office that covers Sadayappa Mudali Lane is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Mambalam, as it determines the minimum value at which a property can be registered. When a buyer purchases a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is important for both buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of buying or selling property in the area. Understanding these values helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sadayappa Mudali Lane?

The current guideline value of Sadayappa Mudali Lane is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 233% over the years.

What are the registration fees for property in Sadayappa Mudali Lane?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000, and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which Sub Registrar Office covers this area?

The Thiyagaraya nagar Sub Registrar Office covers Sadayappa Mudali Lane, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification of Sadayappa Mudali Lane?

Sadayappa Mudali Lane is classified as Residential Class III Type - II, which is important for understanding the zoning and development regulations in the area.