Guideline Value for Vadhiyar Subramaniyar Mudali Street Bk 80,84

Vadhiyar Subramaniyar Mudali Street Bk 80,84 guideline value

The current guideline value for Vadhiyar Subramaniyar Mudali Street Bk 80,84 is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vadhiyar Subramaniyar Mudali Street Bk 80,84 has changed

In the 2007 revision, the guideline value was Rs 2,090 per sq.ft. It saw a significant increase to Rs 5,000 per sq.ft in the 2012 revision, marking a change of +139%. The value remained unchanged at Rs 5,000 per sq.ft until the 2023 revision, where it increased to Rs 5,500 per sq.ft, reflecting a +10% change. The current value of Rs 5,500 per sq.ft is the highest recorded for this street, showing an overall increase of +163% from the 2007 revision.

The register has no figure for the years 2002, 2003, and 2017 for this street. Thus, the only revisions with recorded values are from 2007, 2012, 2023, and 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Vadhiyar Subramaniyar Mudali Street Bk 80,84 above this median.

• Vadhiyar Subbaraya Mudali Street (V.S.Mudali Street): Rs 5,500 per sq.ft (2024)
• Vadhiyar Subbaraya Mudali Street (V.S.Garden Street) Block 85: Rs 5,500 per sq.ft (2024)
• Vadivel Naicken Street Block 78: Rs 4,400 per sq.ft (2024)
• Vadivelpuram Block 84, 85: Rs 4,100 per sq.ft (2024)
• Vadivelu Street Block 76: Rs 4,100 per sq.ft (2024)
• Valayapathi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vadhiyar Subramaniyar Mudali Street Bk 80,84

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadhiyar Subramaniyar Mudali Street Bk 80,84?

The Vadhiyar Subramaniyar Mudali Street Bk 80,84 is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration office will use the guideline value for calculating stamp duty and registration fees.

When a property is sold, the seller must ensure that the sale price meets or exceeds the guideline value to avoid any issues during registration. This ensures that all legal and financial obligations are met in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Vadhiyar Subramaniyar Mudali Street Bk 80,84?

The current guideline value for Vadhiyar Subramaniyar Mudali Street Bk 80,84 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 2,090 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +163% over the years.

What is the land classification for this street?

The land classification for Vadhiyar Subramaniyar Mudali Street Bk 80,84 is Residential Class III Type - I.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Vadhiyar Subramaniyar Mudali Street Bk 80,84, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.