Guideline Value for ANANTHA VELU MUDALI STREET

Anantha Velu Mudali Street guideline value

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

How the guideline value of Anantha Velu Mudali Street has changed

The guideline value for Anantha Velu Mudali Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 650%. However, the value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The most recent revisions show that the value rose to Rs 6,000 per sq.ft in 2023, followed by another increase to Rs 6,400 per sq.ft in 2024, a rise of 7%.

There are no figures available for the revisions in 2002 and 2003 for Anantha Velu Mudali Street. Overall, from 2007 to 2024, the guideline value has increased by 700%, reflecting the changes in property valuation over the years.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with 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 Street's 2024 guideline value of Rs 6,400 per sq.ft is above this median.

• Anantha Velu Mudali 3rd Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu Mudali 2nd 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 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 amount to Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000, bringing the total cost for these fees to Rs 5,76,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anantha Velu Mudali Street?

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

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

The guideline value is a crucial factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers to be aware of this value to ensure they are not overpaying or underreporting the value during the registration process.

Frequently asked questions

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

The current guideline value of Anantha Velu Mudali 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 seen significant changes, increasing 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 are the stamp duty and registration fees for property in Anantha Velu Mudali Street?

For a property valued at Rs 64,00,000, the stamp duty would be Rs 4,48,000 and the registration fee would be Rs 1,28,000, totaling Rs 5,76,000.

Which Sub Registrar Office covers Anantha Velu Mudali Street?

The Purasaivakkam Sub Registrar Office covers Anantha Velu Mudali Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Anantha Velu Mudali Street?

Anantha Velu Mudali Street is classified as Residential Special Type - I, indicating its suitability for residential development.