Guideline Value for Telegraph Abbai Naidu Street

Telegraph Abbai Naidu Street guideline value

The current guideline value of Telegraph Abbai Naidu Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village and falls under the Sowcarpet SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Telegraph Abbai Naidu Street has changed

The guideline value for Telegraph Abbai Naidu Street has seen several revisions over the years. In 2007, the value was Rs 1,600 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 181%. However, by 2017, it decreased to Rs 3,015 per sq.ft, a drop of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,900 per sq.ft, reflecting an increase of 9% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 206%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this village is Rs 4,400 per sq.ft, placing the 2024 value of Telegraph Abbai Naidu Street above this median.

• Tesappan Adi-Dravidar Street: Rs 3,800 per sq.ft (2024)
• Teynampet Ramasamy Mudaly Street: Rs 4,400 per sq.ft (2024)
• Thaiyappa Mudaly Lane: Rs 4,400 per sq.ft (2024)
• Thaiyappa Mudaly Street: Rs 4,400 per sq.ft (2024)
• Thambu Naicken Street: Rs 6,000 per sq.ft (2024)
• Thanappa Chetty Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Telegraph Abbai Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Telegraph Abbai Naidu Street?

The Sub Registrar Office that covers Telegraph Abbai Naidu Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, thereby influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Telegraph Abbai Naidu Street?

The current guideline value of Telegraph Abbai Naidu Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 206% over these years.

What is the land classification for Telegraph Abbai Naidu Street?

The land classification for Telegraph Abbai Naidu Street is Residential Special Type - III.

Where can I find the Sowcarpet Sub Registrar Office?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone.

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, for a property valued at Rs 49,00,000, the total fees would include a stamp duty of Rs 3,43,000 and a registration fee of Rs 98,000.