Guideline Value for ANANTHA VELU MUDALI 1ST STREET

Anantha Velu Mudali 1st Street guideline value

The current guideline value of Anantha Velu Mudali 1st Street is Rs 6,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Anantha Velu Mudali 1st Street has changed

The guideline value for Anantha Velu Mudali 1st Street has seen several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, this figure dropped to Rs 4,020 per sq.ft in 2017 before rising again to Rs 6,000 per sq.ft in 2023. The latest revision in 2024 has increased the guideline value to Rs 6,400 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 700%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Anantha Velu Mudali 1st Street's 2024 guideline value is above this median.

• Anantha Velu 1st Cross Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu Mudali 2nd Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu Mudali 3rd Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu Mudali Street: Rs 6,400 per sq.ft (2024)
• Anantham Samajyam Street: Rs 4,300 per sq.ft (2024)
• Anbazhagan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anantha Velu Mudali 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 6,400 per sq.ft, the guideline value would be Rs 64,00,000. The stamp duty at 7% would amount to Rs 4,48,000, while the registration fee at 2% would be Rs 1,28,000. Together, these fees would total Rs 5,76,000. It is important to note that the 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 Anantha Velu Mudali 1st Street?

Anantha Velu Mudali 1st Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally compliant.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Anantha Velu Mudali 1st Street?

The current guideline value of Anantha Velu Mudali 1st Street is Rs 6,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 6,400 per sq.ft in 2024, marking an overall increase of 700% over this period.

What is the stamp duty rate for property in Anantha Velu Mudali 1st Street?

The stamp duty rate for property in Anantha Velu Mudali 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, with Anantha Velu Mudali 1st Street's 2024 figure being above this median.