Guideline Value for Thottikalai Kumarappa Mudali street

Thottikalai Kumarappa Mudali street guideline value

The current guideline value of Thottikalai Kumarappa Mudali street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO), and is classified as Commercial Class I Type - II.

How the guideline value of Thottikalai Kumarappa Mudali street has changed

The guideline value for Thottikalai Kumarappa Mudali street has undergone several revisions over the years. In 2007, the guideline value was Rs 3,000 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a 133% rise. However, it decreased to Rs 4,690 per sq.ft in 2017, which was a decline of 33%. The value then rose to Rs 7,000 per sq.ft in 2023, followed by another increase to the current rate of Rs 7,700 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 157%.

Guideline values in Vepery

In Vepery village, the guideline values vary across 290 streets under the Periamet SRO, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 4,800 per sq.ft, placing Thottikalai Kumarappa Mudali street's 2024 figure above this median.

• ThoppaiStreet: Rs 4,800 per sq.ft (2024)
• Thulasi Naicken street: Rs 4,800 per sq.ft (2024)
• Thiru Vi.ka.NagarExtension: Rs 4,400 per sq.ft (2024)
• Thiruvengadam Street: Rs 9,900 per sq.ft (2024)
• Thirunarayan Guru Road(Hunters Road): Rs 12,100 per sq.ft (2024)
• Uthucattan street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thottikalai Kumarappa Mudali street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, resulting in a total of Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thottikalai Kumarappa Mudali street?

The Sub Registrar Office that covers Thottikalai Kumarappa Mudali street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vepery. It serves as a benchmark for determining the minimum value at which a property must be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must adhere to the guideline value set for the specific street. This value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thottikalai Kumarappa Mudali street?

The current guideline value of Thottikalai Kumarappa Mudali street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000, and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office covers this area?

The Periamet Sub Registrar Office covers Thottikalai Kumarappa Mudali street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Vepery?

The median guideline value in Vepery is Rs 4,800 per sq.ft, with Thottikalai Kumarappa Mudali street's current value being above this median.