Investigation of quantum spin Hall states in 1T' phase of the monolayer transition metal dichalcogenides has recently attracted the attention for its potential in nanoelectronic applications. While most of the theoretical findings in this regard deal with infinitely periodic crystal structures, here we employ density functional theory calculations and k p. Hamiltonian based continuum model to unveil the bandgap opening in the edge-state spectrum of finite width molybdenum disulphide, molybdenum diselenide, tungsten disulphide and tungsten diselenide. We show that the application of a perpendicular electric field simultaneously modulates the band gaps of bulk and edge-states. We further observe that tungsten diselenide undergoes a semi-metallic intermediate state during the phase transition from topological to normal insulator. The tuneable edge conductance, as obtained from the Landauer-Büttiker formalism, exhibits a monotonous increasing trend with applied electric field for deca-nanometer molybdenum disulphide, whereas the trend is opposite for other cases.Topological insulators (TI) 1-4 have emerged as a relatively new quantum state of matter, characterized by gapped (insulating) bulk states and gapless (highly conducting) edge/surface states according to the bulk-boundary correspondence. The 'topological' attribute in this context is the nontrivial topology of the bulk bands spanned by their characteristic electron wavefunctions. Since this nontrivial topology is a characteristic of the gapped energy states, in order to flip the topology across the interface, either the energy gap has to be closed or the symmetry property protecting the edge/surface states has to be broken. Appearance of gapless edge (2D) or surface (3D) states at the interface of a TI and a normal insulator (NI) or vacuum is thus the most fundamental property of a topologically nontrivial phase.Quantum spin Hall insulators (QSHI) or 2D TIs, as originally proposed by Kane and Mele 5,6 , features spin-polarized 'helical' edge states with opposite momentum on each side of the sample to form a Kramer's pair. According to Kane and Mele 5 , graphene was predicted to be a QSHI with a finite gap opening at Dirac point due to spin-orbit coupling (SOC). Unfortunately, very weak SOC in graphene rendered it impossible to experimentally verify their prediction. However, in 2006, the existence of quantum spin Hall (QSH) state was theoretically predicted by Bernevig, Hughes and Zhang (BHZ) 7 and later experimentally demonstrated by König et al. 8 for HgTe/CdTe quantum wells. Thenceforth several other 2D TI materials have been reported such as InAs/GaSb 9,10 quantum wells, bismuthene 11,12 , functionalized Bi/Sb films 13 , monolayer BiX/SbX (X = H, F, Cl and Br) 14 , 2D bismuth arsenic (BiAs) 15 , arsenene 16 , arsenene oxide 17 , monolayer AsSb 18 , phosphorene 19 , silicon-based chalcogenide (Si 2 Te 2 ) 20 , 2D transition-metal halides 21 , monolayer ZrTe 5 and HfTe 5 22 , Cu 2 Te and Ag 2 Te 23 , silicene 24,25 , germanene 26,27 , 2D SiGe 28 , stanene 2...