Guideline Value for Subbaraya Mudali Street

Subbaraya Mudali Street guideline value

The current guideline value of Subbaraya Mudali Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Subbaraya Mudali Street has changed

Subbaraya Mudali Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from the 2007 revision, which was Rs 945 per sq.ft. This figure increased significantly to Rs 6,000 per sq.ft in both the 2012 and 2023 revisions, showing no change during that period. The most recent revision in 2024 raised the guideline value to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 598%. It is important to note that there are no registered figures for Subbaraya Mudali Street for the years 2002, 2003, and 2017.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with 2024 guideline values 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, which aligns with the current value of Subbaraya Mudali Street.

• Subbaraya Chetty Street: Rs 6,600 per sq.ft (2024)
• Subbarayan Street: Rs 6,600 per sq.ft (2024)
• Subedar Hussain Street: Rs 6,600 per sq.ft (2024)
• Subadral St: Rs 6,600 per sq.ft (2024)
• Subadral Lane: Rs 6,600 per sq.ft (2024)
• Subramania Chetty Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Subbaraya Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total charges to Rs 5,94,000. 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 Subbaraya Mudali Street?

The Sub Registrar Office that covers Subbaraya Mudali Street 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 when buying or selling property in Triplicane. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and accountability in property transactions within the Triplicane area.

Frequently asked questions

What is the current guideline value of Subbaraya Mudali Street?

The current guideline value of Subbaraya Mudali Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 598% over the years.

What are the other streets in Triplicane with the same guideline value?

Other streets in Triplicane with the same guideline value of Rs 6,600 per sq.ft include Subbaraya Chetty Street, Subbarayan Street, Subedar Hussain Street, Subadral St, and Subadral Lane.

What is the registration office for Subbaraya Mudali Street?

The registration office for Subbaraya Mudali Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs total charges of Rs 5,94,000.