Guideline Value for siyali mudali stret

Siyali Mudali Stret guideline value

The current guideline value of Siyali Mudali Stret 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 Siyali Mudali Stret has changed

The guideline value for Siyali Mudali Stret has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017. The 2023 revision marked a return to Rs 6,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 7,100 per sq.ft.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 9%. The 2007 to 2012 period saw a remarkable increase of 550%, while the overall change from 2007 to 2024 reflects a substantial increase of 610%. The register has no figures for this street in 2002 and 2003.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which is the same as the current value for Siyali Mudali Stret.

• Slum Clearance Board (tenement): Rs 2,800 per sq.ft (2024)
• Siva Sankaran mudaly salai: Rs 8,300 per sq.ft (2024)
• Soorammal Lane: Rs 7,100 per sq.ft (2024)
• Soorammal Street: Rs 7,100 per sq.ft (2024)
• South Coovam Salai: Rs 4,400 per sq.ft (2024)
• Sivan Koil street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Siyali Mudali Stret

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, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Siyali Mudali Stret?

The Sub Registrar Office that covers Siyali Mudali Stret is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial element in the registration process of property transactions in Egmore. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for maintaining transparency and integrity in real estate transactions. Buyers should be aware that the guideline value can influence the overall costs associated with purchasing property in the area.

Frequently asked questions

What is the current guideline value of Siyali Mudali Stret?

The current guideline value of Siyali Mudali Stret 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 from Rs 1,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 610% over this period.

What are the stamp duty and registration fees for property in Siyali Mudali Stret?

For a 1,000 sq.ft plot, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000 based on the current guideline value.

Which office handles registrations for Siyali Mudali Stret?

The Periamet Sub Registrar Office handles registrations for Siyali Mudali Stret, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Siyali Mudali Stret?

Siyali Mudali Stret is classified as Residential Class II Type - I, indicating its designation for residential use within the local planning framework.