Guideline Value for CHINNAYYA MUDALI 2ND CROSS STREET

Chinnayya Mudali 2nd Cross Street guideline value

The current guideline value of Chinnayya Mudali 2nd Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Chinnayya Mudali 2nd Cross Street has changed

The guideline value for Chinnayya Mudali 2nd Cross Street has undergone several revisions over the years. In 2003, the value was Rs 550 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. The 2012 revision saw a significant rise to Rs 4,500 per sq.ft, but this was followed by a decrease to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023, and finally reached Rs 4,900 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 791%. Notably, the register does not have a figure for the year 2002 for this street.

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. The median value for these streets is Rs 2,700 per sq.ft, placing Chinnayya Mudali 2nd Cross Street's 2024 figure above the median.

• Chinnayya Mudali 1st Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 3rd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 4th Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali Colony: Rs 4,900 per sq.ft (2024)
• Chinnayya New Colony 1st Main Road: Rs 4,900 per sq.ft (2024)
• Chinnayya New Colony 1st Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnayya Mudali 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnayya Mudali 2nd Cross Street?

The Chinnayya Mudali 2nd Cross 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 crucial factor during property registration in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps in establishing a fair transaction price, ensuring that both buyers and sellers are aware of the legal valuation set by the government. This value is essential for compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Chinnayya Mudali 2nd Cross Street?

The current guideline value of Chinnayya Mudali 2nd Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 791% over the years.

What is the stamp duty for property in Chinnayya Mudali 2nd Cross Street?

The stamp duty for property in Chinnayya Mudali 2nd Cross Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I contact for transactions in this area?

The Purasaivakkam Sub Registrar Office covers Chinnayya Mudali 2nd Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the other streets with the same guideline value in Perambur?

Other streets in Perambur with the same guideline value of Rs 4,900 per sq.ft include Chinnayya Mudali 1st Cross Street, Chinnayya Mudali 3rd Cross Street, Chinnayya Mudali 4th Cross Street, Chinnayya Mudali Colony, Chinnayya New Colony 1st Main Road, and Chinnayya New Colony 1st Street.