Guideline Value for Thyagaraya Mudali Street

Thyagaraya Mudali Street guideline value

The current guideline value of Thyagaraya Mudali Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Thyagaraya Mudali Street has changed

The guideline value for Thyagaraya Mudali Street has seen significant changes over the years. In 2003, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This marked a 17% rise. Following that, the value surged to Rs 1,072 per sq.ft in 2017, reflecting a remarkable increase of 257%. The next revision in 2023 set the value at Rs 1,600 per sq.ft, a 49% increase from the previous figure. The most recent revision in 2024 established the current value at Rs 1,760 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 588%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Thyagaraya Mudali Street's current guideline value is below this median.

• TNEB Colony: Rs 1,760 per sq.ft (2024)
• Thriuvalluvar Ist Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thomaiyar Street: Rs 1,760 per sq.ft (2024)
• Tholar Stalin Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Thyagaraya Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. 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 further calculations.

Which Sub Registrar Office covers Thyagaraya Mudali Street?

The Sub Registrar Office that covers Thyagaraya Mudali Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

When a property is sold, the buyer and seller must consider the guideline value as it affects the overall costs involved in the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thyagaraya Mudali Street?

The current guideline value of Thyagaraya Mudali Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 588%.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400 based on the current guideline value.

Which office handles registrations for Thyagaraya Mudali Street?

The Pammal Sub Registrar Office handles registrations for Thyagaraya Mudali Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Anakaputhur?

The guideline value is determined by the Registration Department and is updated periodically based on various factors. It serves as a basis for calculating stamp duty and registration fees during property transactions.