Guideline Value for CHINNAYYA MUDALI 3RD CROSS STREET

Chinnayya Mudali 3rd Cross Street guideline value

The current guideline value of Chinnayya Mudali 3rd Cross Street is Rs 4,900 per sq.ft. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chinnayya Mudali 3rd Cross Street has changed

The guideline value for Chinnayya Mudali 3rd Cross Street has undergone several revisions over the years. The earliest recorded value was Rs 550 per sq.ft in 2003, which increased to Rs 1,000 per sq.ft in 2007. Following that, the value saw a significant rise to Rs 4,500 per sq.ft in 2012, but then dropped to Rs 3,015 per sq.ft in 2017. The value increased again to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 4,900 per sq.ft effective from 1 July 2024.

From 2017 to 2023, the guideline value increased by 49%. The revision from 2023 to 2024 reflects a change of +9%. Overall, from 2003 to 2024, the guideline value has increased by 791%. It is important to note that there is no figure available for the year 2002 in the register 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. Chinnayya Mudali 3rd Cross Street's current value is above this median.

• Chinnayya Mudali 2nd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 4th Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 1st 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 3rd 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 amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnayya Mudali 3rd Cross Street?

The Sub Registrar Office that covers Chinnayya Mudali 3rd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit the find your SRO page.

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

The guideline value plays a crucial role during property transactions in Perambur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value ensures that the transaction is recorded accurately and fairly in the official records.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chinnayya Mudali 3rd Cross Street?

The current guideline value of Chinnayya Mudali 3rd 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 3rd Cross Street?

The stamp duty for property in Chinnayya Mudali 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers the area?

The Purasaivakkam Sub Registrar Office covers Chinnayya Mudali 3rd Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Chinnayya Mudali 3rd Cross Street?

Chinnayya Mudali 3rd Cross Street is classified as Residential Class I Type - II.