Guideline Value for ANANTHA VELU MUDALI 3RD STREET

Anantha Velu Mudali 3rd Street guideline value

The current guideline value of Anantha Velu Mudali 3rd 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 is classified as Residential Special Type - I.

How the guideline value of Anantha Velu Mudali 3rd Street has changed

Over the years, the guideline value of Anantha Velu Mudali 3rd Street has seen significant changes. The earliest recorded figure is from the 2007 revision, which was Rs 800 per sq.ft. This value increased dramatically by 650% to Rs 6,000 per sq.ft in the 2012 revision. However, the value then decreased by 33% to Rs 4,020 per sq.ft in 2017. Following this, the guideline value rose sharply by 49% to Rs 6,000 per sq.ft in 2023, and then further increased by 7% to the current value of Rs 6,400 per sq.ft in 2024.

It is important to note that there are no recorded figures for Anantha Velu Mudali 3rd Street in the revisions of 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 700%.

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. The median value is Rs 2,700 per sq.ft, placing Anantha Velu Mudali 3rd Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value amounts to 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, bringing the total to 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anantha Velu Mudali 3rd Street?

The Sub Registrar Office that covers Anantha Velu Mudali 3rd Street is 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 an essential factor during the registration of property transactions in Perambur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value acts as a benchmark for determining the sale price. If the sale price exceeds the guideline value, the duty is charged on the sale price; otherwise, it is based on the guideline value.

Frequently asked questions

What is the current guideline value of Anantha Velu Mudali 3rd Street?

The current guideline value of Anantha Velu Mudali 3rd 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 3rd Street?

Anantha Velu Mudali 3rd Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering Anantha Velu Mudali 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.