Guideline Value for Surappa Mudali Street

Surappa Mudali Street guideline value

The current guideline value of Surappa 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Surappa Mudali Street has changed

The guideline value for Surappa Mudali Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,650 per sq.ft, which increased to Rs 6,000 per sq.ft in the 2012 revision, marking a substantial rise of 264%. The latest revision in 2024 saw the value increase to Rs 6,600 per sq.ft, reflecting a 10% increase from the 2012 figure.

There are no figures available for the years 2023, 2017, 2003, and 2002 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%.

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 value is Rs 6,600 per sq.ft, which is equal to the current value of Surappa Mudali Street.

• Suparigunta Street: Rs 5,500 per sq.ft (2024)
• Sunguvar Street (Sunguvar Garden): Rs 6,600 per sq.ft (2024)
• Sunguvar Lane: Rs 6,600 per sq.ft (2024)
• Sundaramurthy Vinayagar Koil Street: Rs 7,700 per sq.ft (2024)
• Sydoji Lane: Rs 6,600 per sq.ft (2024)
• Sydoji South Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Surappa 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, while the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. 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 Surappa Mudali Street?

The Sub Registrar Office that covers Surappa 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 is a crucial factor in the registration process for property transactions in Triplicane. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Surappa Mudali Street?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 300%.

What is the land classification for Surappa Mudali Street?

Surappa Mudali Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. In the case of Surappa Mudali Street, the guideline value is Rs 6,600 per sq.ft.