Guideline Value for Theetharappa Mudali Street

Theetharappa Mudali Street guideline value

The current guideline value of Theetharappa Mudali Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the jurisdiction of the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Theetharappa Mudali Street has changed

The guideline value for Theetharappa Mudali Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,145 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 424%. However, the value then decreased to Rs 4,020 per sq.ft in 2017, which represented a decline of 33%. The next revision in 2023 raised the value to Rs 6,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 6,600 per sq.ft, showing an increase of 10% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 476%.

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 guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current value of Theetharappa Mudali Street.

• Thayar Saheb Street: Rs 11,000 per sq.ft (2024)
• Thayar Saheb Market Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb 2nd Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb 1st Lane: Rs 7,700 per sq.ft (2024)
• Thanikachalam Street: Rs 5,500 per sq.ft (2024)
• Thangavel Vaidyar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Theetharappa 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 would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost together to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Theetharappa Mudali Street?

Theetharappa Mudali Street falls under the jurisdiction of the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Triplicane, the guideline value plays a crucial role in determining the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

The guideline value serves as a benchmark for the minimum price at which a property can be registered. This means that the property cannot be sold for a price lower than the guideline value, ensuring transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Theetharappa Mudali Street?

The current guideline value of Theetharappa 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 changed from Rs 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing a total increase of 476% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles registrations for Theetharappa Mudali Street?

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

What is the land classification for Theetharappa Mudali Street?

The land classification for Theetharappa Mudali Street is Residential Class I Type - I.