Guideline Value for Thirunavukkarasu Mudali Street

Thirunavukkarasu Mudali Street guideline value

The current guideline value of Thirunavukkarasu Mudali Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirunavukkarasu Mudali Street has changed

The guideline value for Thirunavukkarasu Mudali Street has seen several revisions over the years. In 2002, the value was Rs 409 per sq.ft, which increased to Rs 444 per sq.ft in 2003, marking a 9% rise. The value then rose significantly to Rs 800 per sq.ft in 2007, reflecting an 80% increase. By 2012, the value had reached Rs 2,500 per sq.ft, showing a substantial increase of 213% from the previous revision. However, this figure dropped to Rs 1,675 per sq.ft in 2017, representing a decrease of 33%.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 2,500 per sq.ft. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an 8% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 560%.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO, with guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Thirunavukkarasu Mudali Street.

• Thillainayagam Pillai 6th Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 5th Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 4th Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 3rd Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 2nd Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunavukkarasu Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirunavukkarasu Mudali Street?

The Sub Registrar Office that covers Thirunavukkarasu Mudali Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thirunavukkarasu Mudali Street?

The current guideline value of Thirunavukkarasu Mudali Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 409 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 560% over the years.

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

Other streets in Sembiam with the same guideline value of Rs 2,700 per sq.ft include Thillainayagam Pillai 1st, 2nd, 3rd, 4th, 5th, and 6th Streets.

What fees are associated with buying property on Thirunavukkarasu Mudali Street?

When buying property on Thirunavukkarasu Mudali Street, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Thirunavukkarasu Mudali Street?

The Sub Registrar Office for Thirunavukkarasu Mudali Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.