Guideline Value for Venkatachala Mudali Street

Venkatachala Mudali Street guideline value

The current guideline value of Venkatachala Mudali Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Venkatachala Mudali Street has changed

The guideline value for Venkatachala Mudali Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,145 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 424%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, which is a 64% increase from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 476%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value among these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Venkatachala Mudali Street.

• Venkatachala Naicken 1st Lane: Rs 6,600 per sq.ft (2024)
• Venkatachala Naicken 2nd Lane: Rs 6,600 per sq.ft (2024)
• Venkatachala Naicken 3rd Lane: Rs 6,600 per sq.ft (2024)
• Venkatachala Naicken Street: Rs 6,600 per sq.ft (2024)
• Venkatachala Chetty Street: Rs 6,600 per sq.ft (2024)
• Venkatesan 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatachala Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration fee would be Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatachala Mudali Street?

The Sub Registrar Office that covers Venkatachala Mudali Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which property can be sold or purchased, ensuring that all transactions are conducted transparently and fairly.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Venkatachala Mudali Street?

The current guideline value of Venkatachala Mudali Street is Rs 6,600 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 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 476%.

Are there any years with no guideline value for this street?

Yes, there are no figures available for the years 2023, 2003, and 2002 for Venkatachala Mudali Street.

What is the land classification for Venkatachala Mudali Street?

The land classification for Venkatachala Mudali Street is Residential Class I Type - I.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering Venkatachala Mudali Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.