Guideline Value for SADAYAPPA MUDALI STREET

Sadayappa Mudali Street guideline value

The current guideline value of Sadayappa Mudali Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sadayappa Mudali Street has changed

The guideline value for Sadayappa Mudali Street has seen several revisions over the years. In 2002, the value was Rs 635 per sq.ft, which increased to Rs 705 per sq.ft in 2003, marking a change of +11%. The value then rose significantly to Rs 1,500 per sq.ft in 2007, representing an increase of +113%. Following this, in 2012, the value was revised to Rs 5,000 per sq.ft, which was a decrease of -33% from the previous figure. The value then increased to Rs 3,350 per sq.ft in 2017, reflecting a change of +49%. The most recent revision in 2023 set the value at Rs 5,000 per sq.ft, and the current value is Rs 5,500 per sq.ft, marking a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +766%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Mambalam

In Mambalam, there are 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 value is Rs 6,600 per sq.ft, placing Sadayappa Mudali Street's 2024 figure below this median.

• Sadayappa Mudali Lane: Rs 5,000 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost for stamp duty and registration would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadayappa Mudali Street?

The Sub Registrar Office that covers Sadayappa Mudali Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Mambalam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at fair values as per the guidelines set by the Registration Department.

During the registration process, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the financial implications associated with the property transaction.

Frequently asked questions

What is the current guideline value of Sadayappa Mudali Street?

The current guideline value of Sadayappa Mudali Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 635 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing an overall increase of +766% over this period.

What is the registration office for Sadayappa Mudali Street?

The registration office for Sadayappa Mudali Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Sadayappa Mudali Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 3,85,000.

What are the guideline values of other streets in Mambalam?

Other streets in Mambalam have varying guideline values, with rates ranging from Rs 4,400 to Rs 22,000 per sq.ft. For instance, Sambangi Street has a value of Rs 6,600 per sq.ft, while Saibaba Lane Western Side Of Old Mambalam Road has a value of Rs 4,400 per sq.ft.