Guideline Value for Thiyagappa Mudali street

Thiyagappa Mudali street guideline value

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

How the guideline value of Thiyagappa Mudali street has changed

Over the years, the guideline value of Thiyagappa Mudali street has seen significant changes. The earliest figure recorded was Rs 534 per sq.ft in 2002, which increased to Rs 589 per sq.ft in 2003, marking a 10% rise. Following this, the value jumped to Rs 1,200 per sq.ft in 2007, reflecting a substantial increase of 104%. The value then rose dramatically to Rs 6,500 per sq.ft in 2012, a 442% increase. However, it saw a decrease to Rs 4,355 per sq.ft in 2017, which was a drop of 33%. The guideline value then increased to Rs 6,500 per sq.ft in 2023, followed by the latest revision to Rs 7,100 per sq.ft in 2024, marking a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1230%. There are no figures recorded for the revisions in years other than those specified.

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 value is Rs 7,100 per sq.ft, which is equal to the guideline value of Thiyagappa Mudali street.

• Thiyagappa Mudali 2nd lane: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali 1st lane: 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 street

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, making the total fees together 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiyagappa Mudali street?

The Sub Registrar Office that covers Thiyagappa Mudali street 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 plays a crucial role in the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiyagappa Mudali street?

The current guideline value of Thiyagappa Mudali street 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 changed significantly from Rs 534 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1230% over the years.

What is the land classification for Thiyagappa Mudali street?

Thiyagappa Mudali street is classified as Residential Class II Type - I.

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

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Where is the Sub Registrar Office for Thiyagappa Mudali street located?

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