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Guideline Value

Corporate

Guideline Value for Thaiyappa Mudaly Street

₹4400/sq.ft.

The guideline value for Thaiyappa Mudaly Street in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.11, Davidson Street, Sowcarpet, Chennai-01
044-25228102
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thaiyappa Mudaly Street

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Thaiyappa Mudaly Street guideline value

The current guideline value of Thaiyappa Mudaly Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Class I Type - I.

How the guideline value of Thaiyappa Mudaly Street has changed

In the 2007 revision, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 267%.

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 value is Rs 4,400 per sq.ft, which is equal to the current value of Thaiyappa Mudaly Street.

Stamp duty and registration fee for property in Thaiyappa Mudaly Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thaiyappa Mudaly Street?

The Sub Registrar Office that covers Thaiyappa Mudaly Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Muthiyalpet. It serves as the minimum value on which stamp duty is calculated during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements when transferring property ownership.

When you register a property, the guideline value helps determine the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications associated with the transaction, based on the established guideline value for the property.

Frequently asked questions

What is the current guideline value of Thaiyappa Mudaly Street?

The current guideline value of Thaiyappa Mudaly Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,200 per sq.ft in 2007, Rs 4,000 per sq.ft in 2012, Rs 2,680 per sq.ft in 2017, Rs 4,000 per sq.ft in 2023, and Rs 4,400 per sq.ft in 2024.

What is the stamp duty rate for properties in Thaiyappa Mudaly Street?

The stamp duty rate for properties in Thaiyappa Mudaly Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sowcarpet Sub Registrar Office covers Thaiyappa Mudaly Street and is located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find more information by visiting the appropriate link.

What is the median guideline value for streets in Muthiyalpet?

The median guideline value for streets in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current guideline value for Thaiyappa Mudaly Street.