Guideline Value for ANANTHA VELU MUDALI 2ND STREET

Anantha Velu Mudali 2nd Street guideline value

The current guideline value of Anantha Velu Mudali 2nd 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 2nd Street has changed

Looking at the revisions, the guideline value for Anantha Velu Mudali 2nd Street has seen significant changes over the years. In 2007, the value was Rs 800 per sq.ft. This increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 650%. However, by 2017, the value dropped to Rs 4,020 per sq.ft, a decrease of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and finally, it reached the current value of Rs 6,400 per sq.ft in 2024, reflecting a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 700%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 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 2nd Street's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value would be Rs 64,00,000. The stamp duty at 7% would be Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000, making the total cost 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anantha Velu Mudali 2nd Street?

The Sub Registrar Office that covers Anantha Velu Mudali 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a buyer decides to purchase a property, the guideline value helps ensure that the transaction is recorded at a value that reflects the official rates set by the government. This process aids in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Anantha Velu Mudali 2nd Street?

The current guideline value of Anantha Velu Mudali 2nd 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 significantly from Rs 800 per sq.ft in 2007 to Rs 6,400 per sq.ft in 2024, reflecting an overall increase of 700% over the years.

What is the land classification for Anantha Velu Mudali 2nd Street?

Anantha Velu Mudali 2nd Street is classified as Residential Special Type - I.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Anantha Velu Mudali 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 64,00,000, the stamp duty at 7% would amount to Rs 4,48,000.