Guideline Value for CHINNAYYA MUDALI 4TH CROSS STREET

Chinnayya Mudali 4th Cross Street guideline value

The current guideline value of Chinnayya Mudali 4th 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 4th Cross Street has changed

The guideline value for Chinnayya Mudali 4th Cross Street has seen significant changes over the years. In 2003, the guideline value was Rs 550 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking an increase of 82%. The value then rose dramatically to Rs 4,500 per sq.ft in 2012, reflecting a substantial growth of 350%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, representing a 63% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 791%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a guideline value for 2024 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, making the guideline value of Chinnayya Mudali 4th Cross Street above this median.

• Chinnayya Mudali 3rd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali Colony: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 2nd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya New Colony 1st Main Road: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 1st Cross Street: 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 4th 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, while the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. It is important to note that the 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 precise calculations based on your property details.

Which Sub Registrar Office covers Chinnayya Mudali 4th Cross Street?

The Sub Registrar Office that covers Chinnayya Mudali 4th Cross 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 a crucial factor during the registration of property in Perambur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction. This value is regularly updated to reflect changes in the market and property conditions.

Frequently asked questions

What is the current guideline value of Chinnayya Mudali 4th Cross Street?

The current guideline value of Chinnayya Mudali 4th 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 significantly from Rs 550 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 791% over this period.

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

Other streets in Perambur with the same guideline value of Rs 4,900 per sq.ft include Chinnayya Mudali 3rd Cross Street, Chinnayya Mudali Colony, Chinnayya Mudali 2nd Cross Street, Chinnayya New Colony 1st Main Road, Chinnayya Mudali 1st Cross Street, and Chinnayya New Colony 1st Street.

Where is the Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Chinnayya Mudali 4th Cross Street?

Stamp duty for properties in Chinnayya Mudali 4th Cross Street is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 3,43,000 based on the current guideline value.