Guideline Value for Thiyagappa Mudali 2nd lane

Thiyagappa Mudali 2nd lane guideline value

The current guideline value of Thiyagappa Mudali 2nd lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Thiyagappa Mudali 2nd lane has changed

The guideline value for Thiyagappa Mudali 2nd lane has seen several revisions over the years. The earliest recorded value is from 2003, where it was Rs 589 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2007, marking a 104% rise. The value then surged to Rs 6,500 per sq.ft in 2012, reflecting a 442% increase. However, it dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 saw the value rise to Rs 6,500 per sq.ft, and the latest revision in 2024 has set it at Rs 7,100 per sq.ft, which is a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by an impressive 1105%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which is equal to the current value for Thiyagappa Mudali 2nd lane.

• Thiyagappa Mudali 1st lane: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali street: Rs 7,100 per sq.ft (2024)
• Thiygappa Mudali 3rd lane: Rs 7,100 per sq.ft (2024)
• Thulasinga Naicken strreet: Rs 3,900 per sq.ft (2024)
• Thiruvengadam street: Rs 7,100 per sq.ft (2024)
• Thiruvengadam Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagappa Mudali 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiyagappa Mudali 2nd lane?

The Sub Registrar Office that covers Thiyagappa Mudali 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Egmore. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiyagappa Mudali 2nd lane?

The current guideline value of Thiyagappa Mudali 2nd lane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 589 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 1105% over the years.

What is the significance of the guideline value?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees during property transactions.

Where can I find the Sub Registrar Office for Thiyagappa Mudali 2nd lane?

The Sub Registrar Office for Thiyagappa Mudali 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How do I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees based on the guideline value or sale price, whichever is higher. For detailed calculations, you can use the stamp duty and registration fee calculator.